Louisiana Business Insurance

Customized protection for your Louisiana business

Louisiana small business owners should consider business insurance to protect them from a variety of risks, including employee injury, customer mishaps and commercial property damage. Without it, a single incident can lead to handling business interruptions and expensive recovery costs on your own.

Louisiana reported 27,400 non-fatal workplace injuries in 2022, with over 78% of them from private sector businesses, according to the Bureau of Labor Statistics. An employee missing work can threaten your cashflow and cause your business operations to suffer.

Shop for workers’ comp, a business owners policy (BOP), general liability and more through the Progressive Advantage^® Business Program. We’ll help you customize a Louisiana policy that meets both your needs and budget.

Types of LA business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Louisiana should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.

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Workers' Compensation

Businesses in Louisiana are required to have workers' comp insurance if they have one or more employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.

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Professional Liability

Louisiana businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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How much does business insurance cost in Louisiana?

The cost of a Louisiana business insurance policy depends on a variety of factors, including your industry, coverage needs, business size and location. For example, a business located near the coast in New Orleans can expect a different rate than a business located inland near Shreveport.

The most influential factor is the type of work that you do. Businesses are usually rated on the risks and exposures that are common to their industry. High-risk professions, such as arborists and general contractors, need specialized insurance called excess and surplus (E&S) insurance, which usually costs more.

Learn more about the factors that affect your business insurance rate. You can also get a customized quote online to find out exactly what you’ll pay.

Louisiana business insurance requirements

Businesses can get coverage through a private insurance carrier, apply to become self-insured or become a member of a group self-insurance fund.

Some employees are exempt from workers’ comp coverage, including those who work at a private residence or unincorporated farm, certain musicians and performers, and unpaid non-profit officers and board members. It’s best to check with the state’s Workforce Commission if you’re unsure if you need to provide coverage for your employees.

Although Louisiana law only requires workers’ comp, many prospective clients might require additional insurance coverages, such as general liability. Their business contracts often include the coverages and limits you must carry before you can begin working with them.

Resources for Louisiana small business owners:

Small Business Insurance (Louisiana Department of Insurance)
Workers’ Comp FAQs (Louisiana Workforce Commission)
2023 Louisiana Small Business Profile (U.S. Small Business Administration)
2018 Louisiana Workplace Injury Data (U.S. Bureau of Labor Statistics)

Louisiana professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why choose Progressive?

Options

We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts

As the #1 commercial auto insurer in America^*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience

There are several ways to get a quote, whether you need a single Louisiana policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.