How Much Does Workers Compensation Insurance Cost In Louisiana

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How Much Does Workers Compensation Insurance
Cost In Louisiana?
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(No Transcript)
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Category of People Who Needs Workers
Compensation Insurance in Louisiana
In Louisiana, each and every employer needs to
either carry workers compensation insurance or
should possess self-insurance.
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Other than real estate salespeople, domestic
employees, few public officials and non-profit
organization volunteers this is a must,
irrespective of whether a worker is full time,
part time, seasonal or minor. 
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If he is employed by someone, the hiring
company/organisation/person should cover him. In
case a business is owned by an individual without
any employees or is in a partnership with another
businessman without any workers, then there is no
need of workers compensation insurance in
Louisiana.
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Penalties for Not Possessing Workers
Compensation Insurance in Louisiana
When any employer fails to cover workers
compensation insurance, he can be fined up to
250 per worker for the initial violation and
500 per worker for each following breach.
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10,000 is the maximum that an employer can be
asked to pay for such offence. Furthermore, an
employer can as well be asked to stop business
until the entire workers compensation policies
are obtained.
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The Average cost of Workers Compensation
Insurance in Louisiana
The approximate employer costs for workers
compensation insurance in Louisiana is 1.44 per
100 covered in payroll. Actually, the expense is
decided by the level of danger associated with a
particular job.
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In simple words, if an employees work involves
more risk and harmful working conditions, then he
would be having more cost as compared to a worker
who has desk job or less risky tasks to carry out.
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In case of fatal accidents at workplace, the
workers spouse and children who are directly
depended on him will be benefited by the workers
compensation insurance.
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Other family members, who are also financially
depended on the deceased, will be eligible. But
there are few terms and conditions that are laid
by the law, in order to reap the benefits.
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As per 2019 law, the maximum compensation is 665
per week. If the deceased had no dependents,
expect adult children, 75,000 will be offered,
to be divided equally among them.
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Workers compensation insurance in Louisiana also
includes the expenses of burial and funeral and
the amount offered can be up to 8,500.
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On the other hand, if an employee injures himself
in the process of work, he will be given a lump
sum to cover up medical expenses and disability
benefits.
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Bonano Insurance Agency
Phone [phone]
E-mail ID familyservice_at_bonanoinsurance.com
Website www.bonanoinsurance.com
Address 1109 US-190 BUS, Covington, Louisiana
70433, USA