Louisiana Insurance: All Your Needs in One Place

Your homeowners insurance in Louisiana is designed to protect you when severe weather or other disasters strike. Louisiana is no stranger to devastating natural disasters like Hurricane Katrina in 2005. What’s more, the state experiences abundant rainfall, severe storms, and tornadoes every year. 

• Number of declared disasters in Louisiana since 1953: 80
• Most common reasons for disasters in the state: Hurricanes and floods
• Average number of tornadoes per year in Louisiana: 37
• Average amount of property damage per year in Louisiana: $711,090,000

Homeowners insurance in Louisiana covers repairs to your home after a disaster. It also covers repairing or replacing damaged belongings and detached structures that are damaged after a covered event. 

If you live in an area that is prone to floods, be sure to talk to your insurance agent about the importance of flood insurance in Louisiana. Flood damage is not covered by your homeowners insurance, even if it is caused by a severe storm or hurricane. Flood insurance is available from the National Flood Insurance Program (NFIP). 

Homeowners insurance in Louisiana covers personal liability claims as well. Personal liability insurance protects you if you or a resident of your household is responsible for causing property damage or an injury to someone else.

A local independent insurance agent can help you find homeowners insurance in Louisiana.

Louisiana has the 4th highest average car insurance rates in the U S. 

• National average annual car insurance cost: $1,311
• Louisiana average annual car insurance cost: $1,774

The cost of car insurance in Louisiana is based on a variety of factors, most importantly your personal risk factors such as where you live, the type of car you drive, your age and gender, and how far you drive to and from work or school. 

If your rates are higher than average, perhaps you put more miles on your car than the average person. Or maybe you drive a car that is expensive to repair or replace. 

No matter where you live or what you drive, an independent insurance agent in Louisiana can work closely with you to make sure you are getting the best deal.

No matter what kind of business you’re in, you can experience an unexpected fire, a break-in, or a weather event that damages your commercial property. 

And if you’re accused of harming someone else or damaging someone’s property as a result of your operations or your products, you can be expected to pay for property damage and medical expenses for the injured parties. It’s also quite common for businesses to be sued in these instances.

That’s why you need business insurance in Louisiana. The policies and the amount of coverage you need depend on the type of business you’re in and the value of your inventory and assets. 

Business insurance is not required in Louisiana, but if your business owns any vehicles, or you drive your personal vehicle for business purposes, you are required to purchase commercial vehicle insurance (just like Louisiana drivers are required to purchase personal auto insurance). 

And if you have employees, Louisiana law requires you to purchase workers’ compensation insurance that protects workers who are injured on the job. 

In addition, most Louisiana business owners will need business property insurance and general liability insurance at a minimum in order to properly protect their assets. 

Contact an independent insurance agent in Louisiana for the coverage you need. 

The Louisiana Workers’ Compensation Act offers a legal remedy to employees who are injured on the job. It entitles injured employees to certain benefits, including medical care, wage replacement, vocational rehabilitation services, and death benefits. 

Employers are required to purchase workers’ compensation insurance in Louisiana even if they have only one employee. All full-time, part-time, seasonal, and minor employees must be covered on their first day of employment. 

Some subcontractors and independent contractors may be considered employees for the purposes of workers’ compensation coverage. In addition, sole proprietors and corporate officers are included in workers’ compensation coverage in Louisiana, but they may choose to exclude themselves if they own at least 10% of the business. 

Certain other employee classifications are excluded from the workers’ compensation laws in Louisiana, including domestic employees, real estate agents, public officials, musicians, and more. 

An independent insurance agent can help you determine if you are exempt from workers’ compensation coverage under Louisiana law. 

Restaurant insurance in Louisiana typically consists of a group of business insurance policies that respond to unexpected events that can cause a financial loss. You need restaurant coverage to protect your business from things like:

• Fire
• Theft
• Vandalism
• Severe weather
• Workplace injuries
• Food contamination or spoilage
• Delivery driver car accidents
• Customer injuries on your premises
• Breakdown of ovens, refrigerators, or other kitchen equipment
• Utility interruptions that force you to close
• Responsibilities related to serving alcohol

Most restaurants need a customized package of the following types of restaurant insurance in Louisiana:

• Commercial property insurance
• General liability insurance
• Commercial vehicle insurance 
• Equipment breakdown coverage 
• Contamination and spoilage coverage
• Crime coverage
• Liquor liability insurance
• Workers’ compensation insurance

You may even need other restaurant insurance policies in Louisiana that protect you from a variety of unique risks. It’s a good idea to work with an independent insurance agent in Louisiana to help you find the best restaurant insurance. 

Commercial vehicle insurance in Louisiana covers cars, trucks, and any other vehicles used in business operations. Similar to personal auto insurance, commercial vehicle insurance provides liability, collision, comprehensive, personal injury, uninsured and underinsured motorist coverage, and more for the business owner. 

Commercial vehicle owners in Louisiana are required to purchase bodily injury liability coverage and property damage liability coverage that meets the state’s minimum coverage requirements. Each of your business-owned vehicles is required to have the following liability limits to cover third-party injuries and property damage after being at-fault for an accident:

• $15,000 for bodily injury to one person
• $30,000 for bodily injury to more than one person in a single accident
• $25,000 for damage to someone else’s vehicle or other property

Certain large vehicles, those that carry hazardous materials, and those that participate in interstate commerce may be required to carry higher liability limits. 

Contact an independent insurance agent in Louisiana to learn more about your commercial vehicle insurance options. 

While it is not required, there are many reasons to have umbrella insurance in Louisiana. 

An umbrella policy is often thought of as an extra layer of protection in our lawsuit-happy society. If you were forced to pay a financial settlement to someone who had been injured because of you or a family member, you’d probably be unable to pay without adequate insurance coverage.

Umbrella insurance in Louisiana offers extra liability insurance (the insurance coverage in your home insurance and car insurance that covers property damage and injuries that you cause) if the limits on those policies are exhausted by a large lawsuit. 

Not everyone needs umbrella insurance in Louisiana, but certain lifestyle factors or having a certain amount of assets can increase your likelihood of being sued. You might be more likely to be sued if you:

• Own a home
• Own a rental property
• Have a trampoline, pool, or hot tub
• Host large parties
• Have a teenage driver
• Own a dog
• Own a large home

Anyone with significant assets or an obvious “attractive nuisance” (e.g., a pool) should talk to their independent insurance agent about the need for an umbrella policy in Louisiana. 

Renters insurance in Louisiana is a type of personal insurance policy. It protects your personal belongings against damage or loss. It also protects you if someone is injured as a result of your negligence. 

The average cost of renters insurance in Louisiana is just $235 per year. That is less than $20 a month.

Of course, not everyone will pay the same for their renters insurance policy. Your rates may be higher or lower than average depending on a few factors, such as:

• The amount of personal property coverage you need
• The crime rate and weather risks in your area
• Your claims history and credit score
• Whether you are bundling your renters insurance with another policy like car insurance

Independent insurance agents in Louisiana make comparison shopping for renters insurance easy. Contact a local agent to get started.

Life insurance in Louisiana is more than just a financial investment. It gives your loved ones time to grieve, helps pay off debts and loans that you leave behind, and provides your remaining family members with financial stability after you are gone. 

Life insurance is a contract with an insurance company. In exchange for payment from you (premiums), the insurance company provides a lump-sum payment (death benefit) in the event of your death to beneficiaries you have chosen. If you’re wondering if you should consider buying life insurance in Louisiana, here are some questions to ask yourself:

• Do you need to replace your income for your spouse and dependents after your death?
• Will your spouse or dependents need to pay debts that you have left behind?
• Will your loved ones need to pay for your final expenses?
• Will real estate taxes be due?

The proceeds from a life insurance policy make cash available to support your family almost immediately upon your death. In addition, life insurance proceeds can be used to pay your debts, final expenses, and estate taxes. And it can even be a source of inheritance for your heirs. 

Contact an independent insurance agent to learn more about your options for purchasing life insurance in Louisiana.

Searching for the best and most affordable insurance products can be frustrating and confusing. That’s why it pays to have an experienced insurance professional in your corner.

Instead of getting an online quote, find an independent insurance agent in Louisiana now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice.  

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Contact an agent today for a free, no-obligation consultation.