Cheap Workers Compensation Insurance Quotes Georgia

Georgia laws require all businesses with at least three employees to obtain workers compensation insurance. There are certain exceptions and considerations for this but it’s safe to say that all companies need them to operate legally in the state.

Cheap Workers Compensation Insurance

The Law on Workers Compensation Insurance in Georgia

The policies and regulations on workers comp insurance in the state of Georgia is detailed in the Georgia Worker’s Compensation Act. According to this mandate, it is the responsibility of the business owner to offer medical and disability benefits to an employee after sustaining injuries or illnesses on the job. As a result, employees cannot file a lawsuit against the employer for the injuries they sustained.

This mandate is enacted and is regulated by the Georgia State Board of Workers’ Compensation.

What You Need to Know About Workers Comp Insurance in Georgia

As mentioned above, all business owners that have three or more employees must provide insurance coverage for protection against workplace injuries. If the business is incorporated, then the members are counted as part of the three employees.

If you are self employed, it is not required by law to obtain this type of coverage. However, you need to elect to obtain this policy for your own protection (to cover for the medical expenses).

If you are unable to obtain workers comp insurance, there are civil and criminal penalties that await you. Any form of non-compliance will be investigated and you could pay up to $1,000 per employee that was not insured. You can also carry up to $5,000 in penalty for every occurrence of the violation.

If proven that you willfully neglected getting a workers comp insurance, you could face imprisonment of up to one year (plus fine).

Cheap Workers Compensation Insurance

What is the cost of workers compensation insurance in Georgia?

The average rates for workers compensation insurance in Georgia is $1.08 per $100 in payroll. This average cost can go up or down depending on the associated risks of the job that your employees need to perform.

With that said, the price of insuring employees in high-risk industries such as transportation and construction are higher than those who have desk jobs. There are designated class codes that are designed to identify the risk level for each industry and nature of work. You can use it as a guideline when trying to determine the price for your insurance coverage and when comparing quotes from various insurance providers.

The best way to find cheap workers comp insurance is to compare quotes from as many insurance carriers as possible. It is also important to note that you should assess your employees’ needs first to get the right coverage instead of looking at which policy is the most affordable.

Where to find workers compensation insurance in Georgia?

You can work with independent insurance agents or advisors to help you find the best insurance providers for worker’s compensation. You can also do your own research and gather quotes from different insurance companies.

When doing your comparison, make sure to look at the state’s minimum coverage requirements. Otherwise, you could end up paying more if your coverage proved insufficient to provide the benefits your employees need.

Cheap Workers Compensation Insurance Quotes Near Me

Cheap Workers Compensation Insurance Quotes Georgia

Best Workers Compensation Insurance Companies

Famolca Insurance Agency - Workers Comp Insurance Specialists

1201 W Peachtree St NW #2300, Atlanta, GA 30309

(678) 674-4229

State Board-Workers Compensation

1438 Centerville Dr, Buford, GA 30518

(678) 714-1324

No website found

State Board of Workers' Compensation

270 Peachtree St NW, Atlanta, GA 30303

(800) 533-0682

United Business Insurance Company (A Mutual Captive)

400 Franklin Gateway SE Suite 240, Marietta, GA 30067

(678) 766-8242

InsureUSA Insurance Agency

7079 Hayden Quarry Rd, Stonecrest, GA 30038

(770) 484-5000

Workers Compensation Lawyer Coalition

235 Peachtree St NE Suite 458B, Atlanta, GA 30303

(770) 637-4337

Gerber & Holder Workers' Compensation Attorneys

337 S Milledge Ave STE 209-7, Athens, GA 30605

(888) 201-4035

Coastal Underwriters

426 Eh Ct, Brunswick, GA 31520

(912) 267-6735