Workers' Comp is the Law!

​It's National Insurance Awareness Day! Do you think you don’t need workers’ compensation for your business? Think again. 
 The truth is…

• Worker’s comp coverage is required by Louisiana law and applies to all employers in the state regardless of your revenue or the number of employees
• The law does not distinguish whether or not the employment dangerous or involves any foreseeable risk of injury; and
• The law presumes that anyone rendering service for another in any trade business or occupation is an employee.

State law steps up workers’ comp coverage enforcement; increases penalties
Additional penalties and fines impact those employers found not in compliance with the state mandate:

• The first fine for non-compliance is the civil penalty of $250 per employee for a first violation and $500 per employee for subsequent violations up to $10,000 determined by a workers’ comp judge
• The second fine for non-compliance is up to $10,000
• The potential for injunction against further business operations--in other words, they can close your business.

Failure to carry workers’ compensation coverage exposes you, your business and your personal assets to civil court action and potential judgments.
 
Why choose the LRA SIF?

• The LRA SIF exclusively offers workers’ comp coverage to the restaurant and hospitality industries, and affiliated businesses.
• Competitive rates with up front premium discounts to eligible businesses.
• Nearly $112 million in fund surplus returned to members as dividends.
• Local, in-house claims handling designed to meet the needs of your employee and get them back to work quickly.
• Free loss prevention and safety consulting to improve workplace safety.

Let us quote your workers’ comp today at lrasifquote@lra.org or (504) 454-2277!