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Louisiana Workers' Comp Rates are some of the most expensive in the country and they were on the rise over the past few years. However, overall rates trended lower in 2020 and it is likely rates will decrrease again this year. As of the last study conducted in 2020, workers' compensation rates in Louisiana were 20% higher than the national average. Don't get stuck paying too much for you Workers' Compensation coverage. Let us shop our network of more than a 35 Workers Comp Providers in the state of Louisiana.
Louisiana has a diverse business economy with many unique risks. We specialize in workers' compensation coverage and we know how to find the lowest rates on coverage. Some of our top industries include home health care, restaurants and contractors. We also help many other industries with flexible payment plans like Pay as You Go Workers' Comp and monthly payment plans. Start a quote online or call an agent today at 888-611-7467.
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What influences my workers comp insurance cost?
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the
National Council on Compensation Insurance.
Employee claims are reported to NCCI and statistically compared with all other
similar type businesses using the same class code in each state. An
Experience Modification Rate may apply to your business after a few years of coverage.
Insurance company underwriters are permitted to make premium rate adjustments based
on unique factors about your business, safety practices, and management
experience in most states.
Insurance companies may apply policy credits and debits to the base
manual rates. Additional discounts can be applied to premium as the total payroll &
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps
insurance companies justify a better price.
Rates for State Class Codes. Select Codes Listed:
The workers' compensation rates listed below for Louisiana represent the current insurance rates we've found for 2022. Louisiana rates are regulated by the Loisiana Office of Workers' Compensation Administration. Insurance companies may be able to offer discounts and credits on workers comp coverage. We offer Pay As You Go workers' compensation insurance in Louisiana. Not all employers will qualify for the lowest rates or maximum policy credits. Our agency helps Louisiana employers buy workers' compensation coverage at the best rates available.
Louisiana Workers Compensation Corporation (LWCC) is the State Fund in Louisiana. Workers' comp rates vary by industrial classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Rate (EMR) assigned to their business may have additional credits or debits applied to their insurance policy based on prior premiums and their workers' compensation loss experience.
State Resources for Louisiana
Louisiana Workers' Compensation Administration
P.O. Box 94040Baton Rouge, LA 70804-9040225-342-7555 www.laworks.net/WorkersComp/
Louisiana Workers Compensation Corporation
2237 South Acadian ThruwayBaton Rouge, LA 70808225-924-7788 http://www.lwcc.com/
Louisiana is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and contracts with Travelers as the state fund carrier.
Our agency helps employers find guaranteed state fund workers' comp in LA. If we can't find more affordable coverage with a private insurance company, we can help you buy a state fund policy.
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Get more information about workers' compensation in Louisiana:
Workers Compensation Info
Workers Comp Programs
National Broker Services