Louisiana Contractors Insurance

Louisiana currently abounds with opportunities for contractors. With two of its cities – New Orleans and Baton Rouge – recently named among the top ten recession-proof cities in the country by BusinessWeek, and this due in part to its thriving construction industry, now is a good time to be a contractor in Louisiana.

If you’re interested in establishing or building a contracting business here, bear in mind that the state has particular requirements concerning Louisiana contractors’ insurance that you must meet before you can bid or start work on any project. Louisiana has specific Louisiana contractors’ insurance requirements for various kinds of contractors, which are included among the conditions you must fulfill before you can be issued a license.

As stated in R.S. 37:2150-2192, providing workers’ compensation insurance is a requirement for all contractors. Mold remediation contractors must also provide liability insurance coverage with a minimum of $50,000. Residential building contractors, meanwhile, are required to produce proof of liability insurance with a minimum coverage of $100,000, or liability protection provided by a liability trust fund also in the same minimum amount.

While the state’s requirements are necessary if you wish to acquire a license, don’t forget that your business has particular needs that these basic insurance policies may not cover. Protect your company and your assets more thoroughly be assessing your insurance needs and taking out a policy that’s tailored to the specificities of your business.

Let our Louisiana contractors’ insurance specialists help you with your Louisiana contractors’ insurance needs today. We have more than two decades worth of invaluable experience in connecting Louisiana contractors with the Louisiana contractors’ insurance providers that can best meet their needs.