InsuredBetter's Louisiana Workers' Compensation Corporation (LWCC) Insurance Company Score
2 Stars
We award Louisiana Workers' Compensation Corporation a final rating of two out of five stars. Though the carrier is highly rated by AM Best and the BBB, it is not accredited by the latter organization. Coverage is also only currently offered in one state, making its reach highly limited.
Louisiana Workers' Compensation Corporation was founded in 1992, giving the carrier more than 30 years of experience in the insurance industry. Headquartered in Baton Rouge, Louisiana, LWCC focuses its efforts on providing quality workers' comp coverage for businesses and workers in the state. LWCC is a private, mutual insurance company.
It's difficult to find much information about LWCC's coverage, and customer feedback about the insurance company is also difficult to find. Unfortunately, financial strength alone isn't enough to convince us that LWCC is a safe carrier to entrust with your coverage.
Overall, we recommend working with an independent insurance agent to survey all of your options for quality workers' comp insurance. It may be in your best interest to skip looking into Louisiana Workers' Compensation Corporation based on the limited information available.
Louisiana Workers' Compensation Corporation (LWCC) Insurance Company Pros and Cons:
| Pros: | Cons: |
|---|---|
Founded in 1992
|
Not a BBB-accredited carrier
|
|
Rated "A" (Excellent) by AM Best
|
Not much coverage information available
|
|
Rated "A+" by the Better Business Bureau (BBB)
|
No discount information available
|
|
Multi-award winner from Ward Group
|
Coverage only offered in one state
|
|
Only one form of coverage offered
|
|
|
Limited social media presence
|
LWCC Insurance Products by Type
LWCC is a specialized insurance company that focuses on workers' compensation insurance.
Business Insurance:
- Workers' compensation insurance
LWCC Workers' Compensation Average Prices
LWCC's average workers' compensation rates vary widely depending on the industry your business is in, the number of employees you have, your annual payroll, and other factors. To get a better idea of how much a workers' comp policy might cost for your business, use our workers' compensation calculator. An independent insurance agent can also help you find quotes for coverage.
What Discounts Does LWCC Offer?
LWCC does not make information about its specific discounts readily available. However, an independent insurance agent can help find these details for you. Independent insurance agents work hard to find you the most affordable coverage that includes all the protection your business needs.
LWCC Customer Service
Here's an overview of LWCC's customer service options and availability.
- Phone
- Fax
- Snail mail
The customer service phone department's hours are not specified.
| Days | Hours |
| NOT SPECIFIED | NOT SPECIFIED |
To ensure a great customer service experience, work together with an independent insurance agent. Independent insurance agents can help handle claims and other matters for you, so you can relax and enjoy your coverage.
Louisiana Workers' Compensation Corporation FAQs
What is LWCC's average claim response time frame?
LWCC does not provide a specific claims response time frame.
What is LWCC's customer service availability?
LWCC does not specify its phone department's contact hours. The carrier allows customers to contact it via phone, fax, email, or snail mail.
What is LWCC's claims process?
LWCC breaks down its claims process in four simple steps:
- Report the incident ASAP and have your employee drug tested.
- Manage your claim with LWCC's claims team's assistance.
- Get care for your worker utilizing LWCC's statewide occupational medicine network, OMNET.
- Design a plan to get your employee back to work using LWCC's WorkAction program.
Does LWCC create a user-friendly experience for customers?
LWCC falls a bit short in the user-friendliness department. There's not much information provided about its coverage or claims processing on the official website, and the carrier's phone contact hours are not specified. They also have less of a social media presence than many modern carriers.
Does LWCC have good workers' comp coverage?
LWCC does not provide much detail about its coverage, unless you contact the carrier through an agent. LWCC currently only offers its workers comp insurance in the state of Louisiana.
Is LWCC a good insurance company?
LWCC is highly rated by AM Best and the BBB and has demonstrated impressive financial strength. However, the carrier is not accredited by the BBB. It's also difficult to find any customer feedback, which makes it difficult to rule them as a good company overall.
Who are LWCC's insurance products right for?
LWCC only offers workers' compensation insurance in its home state of Louisiana. If you own a business in Louisiana, you may benefit from LWCC's workers' comp coverage.
How much are LWCC's workers' comp rates?
The cost of LWCC's workers' comp depends on the type of business, number of employees, annual payroll, and other factors. An independent insurance agent can help you get a quote for your business.
Sources
https://www.lwcc.com/
https://ratings.ambest.com/CompanyProfile.aspx?BL=0&ambnum=11339&AltNum=26111339&AltSrc=3
https://www.bbb.org/us/la/baton-rouge/profile/workers-compensation-insurance/louisiana-workers-compensation-corporation-0835-90007201/customer-reviews
https://www.linkedin.com/company/lwcc/about/
