NEXT tops our analysis of Louisiana business insurance providers because of its strong customer service and comprehensive coverage. The Hartford and Simply Business are also reliable options for small business owners across the state.
Business Insurance in Louisiana
NEXT tops our Louisiana business insurance rankings with a MoneyGeek score of 4.64 out of 5.
Find affordable coverage that protects your small business in Louisiana below.
Select your industry
Select state
Updated: August 22, 2025
Advertising & Editorial Disclosure
Key Takeaways
Small business owners can get the best business insurance in Louisiana from NEXT, The Hartford and Simply Business.
The best business insurance in Louisiana depends on your specific industry risks, number of employees and desired coverage limits.
To find the best coverage, assess your risks, compare multiple quotes, research provider service quality and maximize available discounts.
Best Business Insurance Companies in Louisiana
| NEXT | 4.63 | 3 | 1 | 2 |
| The Hartford | 4.61 | 2 | 2 | 3 |
| Simply Business | 4.49 | 3 | 4 | 1 |
| biBERK | 4.42 | 6 | 2 | 4 |
| Coverdash | 4.41 | 4 | 5 | 2 |
| Progressive Commercial | 4.32 | 3 | 6 | 4 |
| Thimble | 4.31 | 1 | 7 | 4 |
| Hiscox | 4.30 | 5 | 3 | 5 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
The Hartford offers the best general liability coverage and business owner's policies (BOP) in Louisiana. NEXT leads for professional liability insurance and workers' compensation coverage.
| Business Owners Policy | The Hartford | 4.65 |
| General Liability | The Hartford | 4.56 |
| Professional Liability (E&O) | NEXT | 4.74 |
| Workers Compensation | NEXT | 4.58 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Louisiana Small Business Insurance Reviews
Our research identified the top three business insurance providers in Louisiana based on coverage and value. Here's what makes each company stand out if you need comprehensive protection for your business.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ of 5
4.4/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Cost of General Liability Insurance
$120This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$80This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5Ranked #4 nationallyOur Survey: Likely to Be Recommended to Others
4.8/5Ranked #1 nationally
The Hartford
Best for Affordability
MoneyGeek Rating
4.6/ of 5
4.6/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Cost of General Liability Insurance
$96This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$80This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
4.5/5Ranks #1 nationallyOur Survey: Likely to Be Recommended to Others
4.5/5Ranks #2 nationally
Simply Business
Best for Coverage Availability
MoneyGeek Rating
4.5/ of 5
4.4/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Cost of General Liability Insurance
$97This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$72This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Research: Policy Management
3.7/5Our Survey: Likely to Be Recommended to Others
4.2/5
Cheapest Business Insurance Companies in Louisiana
The Hartford provides the most affordable business insurance in Louisiana at $98 monthly ($1,173 annually). Thimble and Simply Business follow with competitive rates of $107 and $113 per month. Compare all providers and their rates in the table below.
| The Hartford | $98 | $1,173 |
| Thimble | $107 | $1,286 |
| Simply Business | $113 | $1,356 |
| NEXT | $116 | $1,395 |
| Progressive Commercial | $116 | $1,395 |
| Coverdash | $118 | $1,411 |
| biBERK | $118 | $1,422 |
| Hiscox | $123 | $1,475 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Louisiana
Louisiana business owners can find the cheapest general liability coverage through The Hartford at $96 monthly. Simply Business offers the second-lowest rate at $111 per month. Compare all provider rates in the table below.
| The Hartford | $96 | $1,146 |
| Simply Business | $111 | $1,338 |
| Nationwide | $113 | $1,358 |
| Progressive Commercial | $117 | $1,403 |
| NEXT | $120 | $1,441 |
| Coverdash | $120 | $1,445 |
| Thimble | $122 | $1,468 |
| biBERK | $130 | $1,557 |
| Hiscox | $130 | $1,559 |
| Chubb | $138 | $1,661 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Louisiana
The Hartford offers the most affordable professional liability insurance (E&O) at $83 monthly ($1,000 annually). NEXT provides another affordable option for business coverage in Louisiana.
| The Hartford | $83 | $1,000 |
| NEXT | $84 | $1,008 |
| Thimble | $88 | $1,050 |
| Progressive Commercial | $88 | $1,058 |
| Hiscox | $88 | $1,059 |
| Simply Business | $89 | $1,069 |
| Coverdash | $90 | $1,082 |
| biBERK | $90 | $1,084 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Louisiana
NEXT offers Louisiana's cheapest workers' comp rates at $80 monthly ($960 annually). The Hartford and Thimble provide similarly affordable rates, making all three excellent choices for business coverage in the state.
| NEXT | $80 | $960 |
| The Hartford | $80 | $965 |
| Thimble | $81 | $969 |
| Hiscox | $81 | $977 |
| Progressive Commercial | $82 | $987 |
| Simply Business | $83 | $994 |
| Coverdash | $85 | $1,015 |
| biBERK | $85 | $1,020 |
| Chubb | $99 | $1,184 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Louisiana
The Hartford offers the cheapest BOP rates in Louisiana at $132 per month ($1,583 annually). Business owners can also find affordable BOP insurance through Thimble, Simply Business and biBERK.
| The Hartford | $132 | $1,583 |
| Thimble | $138 | $1,657 |
| Simply Business | $169 | $2,024 |
| biBERK | $169 | $2,026 |
| Coverdash | $175 | $2,101 |
| Progressive Commercial | $178 | $2,134 |
| NEXT | $181 | $2,170 |
| Hiscox | $192 | $2,304 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Louisiana?
Business insurance in Louisiana costs between $82 and $167 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $167 |
| General Liability | $118 |
| Professional Liability (E&O) | $88 |
| Workers Comp | $82 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
Business insurance costs in Louisiana vary widely based on industry and coverage types. A speech therapist pays just $7 monthly for workers' compensation, while pressure washing businesses spend up to $1,504 for a business owner's policy.
Data filtered by:Results filtered by:
Select
Coverage Type:Business Owners Policy
Select
Industry:Accountants
| Accountants | Business Owners Policy | $38 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Your Louisiana business insurance premiums might be higher than expected. These factors determine your insurance costs in the state:
Industry Risk Level
Your business type impacts your insurance costs. Construction companies pay much more than consultants because they have higher accident risks. A construction firm pays $2,500 per year for coverage, while a consulting business pays $600 for similar protection levels.
Geographic Location and Weather Risks
Your location in Louisiana affects your insurance rates. Coastal businesses face higher premiums due to hurricane risks, while inland locations often see lower rates. According to FEMA data, Louisiana ranks second nationwide for major disaster declarations, with over 100 since 1953. This high risk of natural disasters drives up insurance costs across the state.
Business Size
Your employee count and revenue directly affect your insurance costs. Workers' compensation rates are calculated per $100 of payroll, while general liability costs rise with higher revenue and customer traffic. A solo consultant working from home might pay $500 yearly for coverage, but a retail store with 10 employees could pay $5,000 or more.
Claims History
Your claims record follows your business for years and can raise your premiums. Even a single liability claim affects rates across multiple coverage types. Insurance companies reward claim-free businesses with better rates, making a clean record valuable for controlling costs.
Coverage Types and Limits
Your choice of coverage types and limits directly affects your premium costs. Higher coverage limits increase rates, but bundling options like business owner's policies can reduce overall costs. Consider your specific risks when selecting coverage. Don't pay for protection you don't need.
Years in Business
New businesses pay higher premiums because insurers lack data to evaluate their risk level. After operating claim-free for several years, your rates often decrease as you build a positive track record. Most insurers start reducing rates after three years of clean claims history.
Professional Certifications
Safety certifications and professional licenses can lower your insurance costs, especially in high-risk industries. OSHA certifications and industry-specific training programs show insurers you're committed to safety. Many carriers offer premium discounts for businesses with certified safety programs.
Louisiana Business Insurance Buying Guide
Running a business takes considerable time and energy, making it challenging to focus on getting business insurance. We've created a straightforward guide to help you navigate Louisiana business insurance with confidence.
What Coverage Is Required?
We've done the research on Louisiana business insurance requirements. Below is a detailed breakdown of coverage requirements.
Workers' Comp
Louisiana requires workers' compensation insurance for most businesses, making it one of the stricter states for coverage requirements. You must carry workers' comp if you have one or more employees, including part-time workers. The only exceptions are sole proprietors working alone, business partners and certain corporate officers who can opt out. However, if you have a contract with a government entity, you must cover all workers until the project is complete.
Commercial Auto Insurance
Small businesses that own vehicles or require employees to drive for work need commercial auto insurance. Louisiana requires all vehicles to carry at least $15,000 per person and $30,000 per accident for bodily injury, plus $25,000 for property damage. However, businesses should consider higher limits since these minimums may not cover major accidents or lawsuits.
Professional Liability Insurance
Louisiana medical, law, engineering and architecture professionals must have professional liability insurance for their licensing requirements. This insurance covers you when clients claim you made mistakes or provided inadequate professional services. Coverage amounts vary by profession, so check with your licensing board to confirm what you need.
Contractor Bonds and Insurance
If you hold a contractor license in Louisiana, you'll need to post a surety bond and carry liability insurance. This financial guarantee protects customers if you don't complete your job as promised or follow licensing rules. The bond amount depends on your contracting type and where you work in the state.
What Coverage Do We Recommend?
Louisiana keeps business insurance requirements minimal, leaving you responsible for protecting your company properly. We've analyzed the best coverage options for the state's leading industries:
Manufacturing | General liability, product liability, workers' compensation, commercial property, business interruption, environmental liability, hurricane coverage, flood coverage, chemical process coverage, explosion protection | Louisiana petrochemicals, oil refining and food processing manufacturers face hurricane damage, chemical explosions and environmental contamination. Gulf Coast facilities require specialized coverage for storm surge, chemical releases and business interruption from evacuation orders. |
Marine | Marine general liability, hull and machinery, Jones Act coverage, oil spill liability, hurricane coverage, collision coverage, cargo liability, offshore vessel coverage, pollution liability | Louisiana marine businesses face hurricane damage, oil spill liability and vessel accidents in busy Gulf waters. Offshore oil support vessels require specialized Jones Act coverage, while shipping operations need protection from hurricane-related cargo losses and port closures. |
Restaurants | General liability, product liability, commercial property, equipment breakdown, business interruption, hurricane coverage, flood coverage, Mardi Gras event coverage, liquor liability, workers' compensation | Louisiana restaurants face hurricane closures, flooding damage and specialized liability from Mardi Gras and festival events. Creole and Cajun cuisine create unique food safety challenges, while tourism requires elevated coverage for unfamiliar customers and cultural dining experiences. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, hurricane coverage, flood coverage, subsidence coverage, coastal erosion protection, environmental remediation | Louisiana construction faces hurricane damage, flooding and coastal subsidence from oil extraction. Coastal construction projects require specialized wind and flood coverage, while environmental remediation work creates contamination liability from historical industrial sites. |
Catering | General liability, product liability, commercial auto, equipment coverage, business interruption, hurricane coverage, Mardi Gras event coverage, festival coverage, special event liability | Louisiana catering companies serve major festivals, including Mardi Gras, Jazz Fest and cultural events with specialized crowd liability and outdoor event risks. Hurricane season coincides with peak event season, creating significant business interruption exposure. |
How to Get the Best Cheap Business Insurance in Louisiana
Getting affordable business insurance in Louisiana can strain your budget. Here's how to secure reliable coverage while keeping costs manageable for your company:
- 1
Assess Your Actual Risks First
Evaluate real business risks specific to your Louisiana operation before shopping for coverage. A seafood restaurant needs strong property insurance for hurricane protection, while an IT consultant requires robust cyber liability coverage.
- 2
Get Quotes From Multiple Insurers
Insurance companies calculate Louisiana business risks differently, leading to significant price variations. Contact at least three providers to compare rates, as prices can vary by thousands of dollars for identical coverage.
- 3
Choose Providers Based on Service Quality
Investigate each insurer's claim handling speed and financial strength ratings before selecting coverage. A Louisiana maritime business needs an insurer experienced with coastal risks, while a retail store wants quick response times for property damage claims.
- 4
Maximize Available Discounts
Combine policies and maintain good safety records to reduce premium costs. A local restaurant can save by bundling property and liability coverage, while documenting food safety procedures can earn additional discounts.
- 5
Review Coverage Annually
Reassess insurance needs as your Louisiana business evolves and grows. A small Cajun food manufacturer expanding to multiple states needs updated product liability coverage, while a growing construction firm requires adjusted workers' compensation limits.
Louisiana Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Louisiana's best business insurance providers. However, what's ideal for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Louisiana: FAQ
Louisiana business owners have many questions about finding the right insurance coverage for their companies. Here are answers to the most common questions about business protection.
What business insurance is required by law in Louisiana?
Louisiana requires workers' compensation insurance for businesses with one or more employees. Commercial auto insurance is mandatory (15/30/25 limits). Contractors need surety bonds to obtain licenses.
How much does business insurance cost in Louisiana?
Our analysis shows that business insurance costs range from $82 to $167 monthly, depending on coverage. Workers' compensation is the cheapest at $82, while BOPs cost $167. Actual costs depend on your industry, business size and claims history.
Which company has the cheapest business insurance in Louisiana?
The Hartford leads at $98 monthly in Louisiana, followed by Thimble ($107) and Simply Business ($113). Always compare quotes since rates vary based on specific risks.
What business insurance do I need for my small business in Louisiana?
Start with general liability to protect against customer injuries and property damage, with average costs in Louisiana starting at $98 per month from The Hartford. Add workers' compensation and commercial auto insurance as needed. Retailers need property coverage, while contractors require equipment protection.
What is the best business insurance company in Louisiana?
NEXT leads Louisiana's business insurance market with a MoneyGeek score of 4.63 out of 5.0. The Hartford and Simply Business are also excellent choices. Secure coverage for your buiness requirements by comparing multiple insurance providers.
Do small businesses in Louisiana need workers' compensation insurance?
Louisiana law requires workers' compensation for businesses with one or more employees. However, most businesses should purchase coverage to protect against costly employee injury lawsuits that could lead to bankruptcy.
What factors affect business insurance costs in Louisiana?
Your industry affects costs. Construction businesses pay higher premiums than consulting firms. Coastal Louisiana locations face higher rates due to hurricane risks. Employee count affects workers' compensation costs, while claim history and safety certifications influence rates.
How do I get cheap business insurance in Louisiana?
Compare quotes from multiple insurers, assess your specific business risks, and bundle policies for discounts. Top-rated insurers like NEXT and The Hartford offer competitive rates in Louisiana.
What's the difference between general liability and errors and omissions (professional liability) insurance in Louisiana?
General liability protects against physical incidents like customer injuries and property damage. Professional liability (E&O) covers service-related mistakes like missed deadlines or incorrect professional advice.
Can I get business insurance quotes online in Louisiana?
Yes, leading insurance providers offer online quotes for Louisiana businesses. Complex operations like contracting may require agent assistance for specialized coverage needs.
How We Scored the Best Business Insurance Companies in Louisiana
Small business owners in Louisiana need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Louisiana entrepreneurs navigate challenges like hurricane risks and the state's workers' compensation laws.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50% of score): We analyze premium costs across multiple coverage types and industries, comparing rates for businesses with similar profiles to find insurers offering the best value.
- Customer experience (30% of score): Our evaluation includes claims processing efficiency, customer service responsiveness and digital tools that streamline policy management.
- Coverage options (15% of score): We assess the range of coverage types, policy customization options and industry-specific endorsements available to Louisiana businesses.
- Financial strength (5% of score): We review insurer ratings from AM Best and other agencies to ensure companies can meet their claims obligations.
This approach helps Louisiana small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- FEMA. "Disasters and Other Declarations." Accessed August 23, 2025.
- Trustpilot. "NEXT." Accessed August 23, 2025.
- Trustpilot. "Simply Business US." Accessed August 23, 2025.