General Contractor Insurance in Louisiana

Do general contractors need insurance in Louisiana?

The Pelican State is a major construction state. It employs more than 41,816 individuals, including those who are licensed as contractors. Louisiana contractor insurance helps protect these small businesses.

Construction sites can often be dangerous locations to work in. A simple accident could create costly liability issues for small-scale businesses, whether you work on commercial or residential projects. Contractor insurance in Louisiana protects your business from accidents, delays or other issues.

Contractor insurance is a shorthand term for various kinds of insurance that general contractors might consider, such as:

• General Liability insurance
• Business Owner’s Policy
• Workers’ Compensation insurance

BizInsure can arrange insurance for contractors in Louisiana.

What are the most common contractor insurance policies in Louisiana?

Louisiana tradespeople are usually interested in different types of contractor insurance. These policies will help you reduce the risks that contractors may face.

General Liability insurance

Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, this insurance can protect your business against bodily injury or property damage lawsuits from outside parties.

Business Owner’s Policy

A Business Owner’s Policy (BOP) is a convenient package of insurance that protects your business against the common risks it faces every day. The BOP product includes various coverages that may suit the unique requirements of your small business. Insurance included in a BOP can vary but usually they include protection for typical small business risks such as property damage, business interruption and liability.

Workers’ Compensation insurance

Workers’ Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

In Louisiana, every employer must carry Workers’ Compensation insurance by law regardless of full-time or part-time workers including seasonal, minor or seasonals staffs.

Contractors who work in the home improvement, mold removal and residential construction industries must provide proof of their Louisiana Workers’ Compensation insurance to comply with Louisiana law.