Liability insurance is the most inexpensive form of business insurance because it offers businesses the minimum in terms of insurance protection, but gives them the proper amount of insurance needed as deemed by the law. General liability insurance is a form of commercial insurance that protects a business owner in Louisiana and their assets in the event that an individual gets injured while at the business location. There is also worker’s compensation insurance, another form of business insurance that covers any injuries that an employee may encounter while working.