MoneyGeek considered key factors such as affordability, customer satisfaction, financial stability and the online quote process to find which company offers the best general liability insurance in Louisiana. The Hartford came out on top for its overall blend of affordability and service quality. On average, its policies cost $31 per month for sole proprietors with no employees and $54 per month for LLCs with 20 employees.

For small business owners on a budget, we discovered that Next is the cheapest option for general liability insurance. It provides the lowest average rate for LLCs at $28 per month and the second-lowest rate for sole proprietors at $25 per month.

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Best Overall General Liability Insurance in Louisiana

We found that the best general liability insurance in Louisiana is offered by The Hartford, which received a MoneyGeek score of 91 out of 100. The table below shows our rankings of insurers in the state along with their average costs and MoneyGeek scores.

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Company
MoneyGeek Score
Monthly Cost Without Employees
Monthly Cost With 20 Employees

The Hartford

91

$31

$54

Next

88

$25

$28

Thimble

87

$22

$272

Hiscox

85

$29

$165

Best OverallScore: 91
The Hartford
4/5LLC Affordability
1/5Sole Proprietor Affordability
5/5Customer Satisfaction
4/5Financial Stability
4/5Online Quote Process
PROS

Second-cheapest average rate for LLCs

High customer satisfaction and financial stability scores

Fast online quote system

CONS

Most expensive company for sole proprietors

Company Highlights

The Hartford is our top pick for the best general liability insurance in Louisiana. Of the four insurers in our study, it offers the second-cheapest average rate for LLCs at $54 per month. However, it is the most expensive option for sole proprietors at $31 per month.

Based on our analysis of data from the National Association of Insurance Commissioners (NAIC) complaint index, The Hartford received the lowest rate of complaints among compared insurers. In addition to providing quality customer service, the company also has a strong financial stability rating, meaning that it souldnt'ave a problem payout claims. Furthermore, obtaining a quote online from The Hartford is a quick and easy process.

Cheapest General Liability Insurance in Louisiana

Next provides the most affordable rates overall for general liability insurance in Louisiana, with an average monthly premium of $25 for sole proprietors and $28 for LLCs.

In this category, we ranked companies by generating an affordability score that combines the average monthly cost for sole proprietors and LLCs. As such, our winner may not be the cheapest for both entity types.

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CheapestScore: 95
Next
5/5LLC Affordability
3/5Sole Proprietor Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Offers affordable rates for both LLCs and sole proprietors

Fast online quote system

CONS

Lowest financial stability rating in our comparison group

Company Highlights

In Louisiana, Next offers the most affordable general liability insurance. Its policies are the cheapest for LLCs at an average rate of $28 per month and the second-cheapest for sole proprietors at $25 per month.

Of the insurers in our study, Next has the lowest financial stability score, but its A- (Excellent) rating from AM Best still indicates that it is very likely to meet ongoing financial obligations. When it comes to obtaining a quote online from Next, the process is easy and can be done in a few minutes.

Best General Liability Insurance for Employers in Louisiana

Louisiana employers looking for general liability insurance may consider The Hartford as the best option. The company offers policies at roughly $54 per month and earned a MoneyGeek score of 97 out of 100.

We ranked companies in this category based on the average monthly cost for LLCs with 20 employees. Employee count plays a significant role in the cost of general liability insurance. Companies with more employees will likely pay a higher premium for coverage, whereas those with fewer than 20 employees will likely pay less than the average.

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Best for EmployersScore: 97
The Hartford
4/5LLC Affordability
5/5Customer Satisfaction
4/5Financial Stability
4/5Online Quote Process
PROS

Second-cheapest rate for LLCs with 20 employees

Above-average customer satisfaction and financial stability ratings

CONS

Online quote system could be faster

Company Highlights

Due to its overall blend of affordability and service quality, The Hartford is our top choice for Louisiana employers looking for general liability insurance. It offers policies at an average cost of $54 per month, the second-lowest rate in the state.

In terms of customer satisfaction, The Hartford receives fewer complaints than the average insurer based on the NAIC complaint index. It also has an A+ (Superior) rating from AM Best, meaning that paying out claims is not a problem for this insurer.

Best General Liability Insurance for Sole Proprietors in Louisiana

With a MoneyGeek score of 95 out of 100, Thimble is the best option for Louisiana sole proprietors looking for general liability insurance. An average policy from this company costs $22 per month.

Our rankings for companies in this category are based on the average monthly cost for sole proprietors with no employees. Those in high-risk industries, such as construction, often have higher insurance costs.

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Best for Sole ProprietorsScore: 95
Thimble
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Cheapest company for sole proprietors with no employees

Excellent financial strength rating

Fast online quote system

CONS

Below-average customer satisfaction rating

Company Highlights

Louisiana sole proprietors looking for the best general liability insurance should consider Thimble. Among the insurers in our comparison group, Thimble offers the lowest rate for sole proprietors at an average of $22 per month.

With Thimble, sole proprietors can get quotes online in a matter of seconds. They can also rest assured that their insurance claims will be paid because of the company’s excellent ability to meet financial obligations. That said, Thimble receives more customer complaints than other compared insurers based on our analysis of the NAIC complaint index.

Do You Need General Liability Insurance in Louisiana?

Louisiana state law doesn’t require business owners to carry general liability insurance, but getting coverage is advisable to financially protect your business from the following situations:

  • Third-party bodily injury: General liability insurance helps cover medical costs if a client injures themselves at your business.
  • Third-party property damage: General liability insurance covers repair or replacements costs if your business or employees accidentally damage someone else’s property.
  • Personal and advertising injury: If someone sues your business or employees for libel, slander, false advertising or copyright infringement, general liability insurance covers your defense costs and damages.

While general liability insurance isn’t mandated by law, it may be required to obtain business licenses or win contracts in specific industries.

Louisiana business owners are required to maintain other types of business insurance, such as workers’ compensation insurance if they have one or more employees, regardless of whether they are part-time, full-time, temporary or seasonal employees. However, certain employees are exempt from this coverage, including certain musicians and performers, landmen and those employed by a private residence or private unincorporated farm.

Louisiana employers are also required to have commercial auto insurance for vehicles used for business purposes, adhering to the following state minimum requirements:

  • $15,000 per person for bodily injury liability
  • $30,000 per accident for bodily injury liability
  • $25,000 per accident for property damage liability
smallBusiness icon
SMALL BUSINESS RESOURCES IN LOUISIANA

The Louisiana Economic Development provides one-on-one business consulting to entrepreneurs through the Louisiana Small Business Development Centers (LSBDC) to facilitate the growth and success of small businesses. It also offers workshops and training seminars to expand entrepreneurs’ business knowledge.

How Much Is General Liability Insurance in Louisiana?

The average cost of general liability insurance in Louisiana is $27 per month for sole proprietors and $130 per month for LLCs. Keep in mind that these rates are for a policy with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

The aggregate limit is the maximum amount of money your insurance company will pay out for all your claims filed during a policy term, while the occurrence limit is the maximum amount of money your insurer will pay per claim. The deductible is the out-of-pocket expense you have to pay before your provider provides financial coverage.

Factors That Impact General Liability Insurance Costs in Louisiana

How much a business owner will pay for general liability insurance depends on the following factors:

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Industry
Monthly Cost Without Employees
Monthly Cost With 20 Employees

Cleaning

$230

$6,594

Software Development

$27

$130

General Contractor

$551

$9,760

Frequently Asked Questions About General Liability Insurance in Louisiana

Shopping for general liability insurance in Louisiana can be challenging, especially with different options available. To help ease this process, we answered some commonly asked questions.

The best overall general liability insurance in Louisiana is offered by The Hartford, which combines affordability with service quality. Still, the best option for you may differ based on factors such as business size, employee count and specific coverage needs.

Next offers the least expensive general liability insurance in Louisiana. An average policy from this company is the cheapest for LLCs at $28 per month and second-cheapest for sole proprietors at $25 per month. Your cheapest option may vary depending on factors like business location and employee count.

General liability insurance in Louisiana provides financial coverage for third-party bodily injuries, third-party property damage and personal and advertising injury.

Although general liability insurance is not required by Louisiana state law, business owners should consider getting coverage to protect their businesses from unexpected expenses caused by liability claims from third parties.

About Melissa Wylie


Melissa Wylie headshot

Melissa Wylie is a Content and SEO Manager at MoneyGeek. Melissa has worked in the financial content space since 2018 and has spent much of that time focused on all things small business.

Prior to joining MoneyGeek, Melissa held SEO positions at Bankrate and LendingTree. Melissa’s work has also appeared on LendingTree-owned websites ValuePenguin and MagnifyMoney.

Melissa began her career at American City Business Journals in 2015 as a reporter for the company’s women-focused publication Bizwomen. Melissa has a Bachelor of Arts in Journalism from the University of North Texas. Melissa relies on her foundation in journalism to craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.

Melissa's other work can be read on LendingTree and Bizwomen.


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