Georgia Workers Compensation Insurance: Quotes from $35/mo

Workers compensation Georgia is the key to ensuring the health and safety of your workforce. This insurance coverage is designed to provide vital assistance in the event of occupational injuries and illnesses, which can be financially burdensome and inconvenient. With a workers compensation insurance policy, you can rest assured that medical expenses, rehabilitation, and lost wages will be covered, providing financial security and a path to recovery for your employees.

Furthermore, adhering to state regulations through Georgia workers compensation insurance demonstrates your unwavering commitment to workplace safety, strengthening your reputation as a responsible employer. Workmans comp GA provides peace of mind and a safer, more secure workplace.

What is Workers Compensation Insurance?

Workers’ compensation insurance is an essential form of coverage that protects employees and employers financially against work-related injuries and illnesses. This insurance coverage ensures injured employees receive the necessary medical care and compensation for lost wages, rehabilitation, and disability benefits. 

Employees frequently waive their right to sue their employer for negligence in exchange for a no-fault structure that expedites claims and reduces litigation. Most states, including Georgia, mandate that employers provide workers’ compensation insurance, and Georgia is no exception. It not only protects employees by providing essential benefits but also protects businesses from costly litigation, thereby fostering a safer and more secure workplace.


When Do You Need to Get Workers Compensation Insurance in Georgia

Employers in Georgia must navigate the complexities of workers compensation insurance to comply with the rules established by the Georgia board of workers compensation. Here are the critical situations when you need Workers Compensation Insurance in Georgia:

  • Employee threshold: Employers with three or more regular employees are typically required to carry Georgia workers compensation insurance. This obligation extends to both full-time and part-time workers.

  • Construction industry: Georgia has more stringent construction regulations. Even if you employ only one person in the construction industry, you must hold workers’ compensation insurance. This requirement is intended to ensure construction employees have access to compensation if they sustain an injury.

  • Agricultural industry: Employers in the agricultural sector adhere to their own set of regulations. Assume you are an agricultural employer with five or more permanent workers and/or twelve or more seasonal workers who each work 30 or more days during the season. In such a scenario, you are required to provide Workers’ Compensation coverage. This clause takes into account the distinctive labor patterns in agriculture.

  • Corporate officers and LLC members: In the cases of corporations and limited liability companies (LLCs), LLC executives and members have options for coverage. They have the option to opt out of the Workers’ Compensation policy. They may also choose to include themselves in the coverage.

  • Sole proprietors and partners: Workers compensation for sole proprietors and business associates, insurance coverage is not automatic. However, if they wish to be covered in the event of occupational injuries or ailments, they can opt for coverage. This flexibility is provided to accommodate various business structures.

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What Government Agency Oversees Workers Compensation in Georgia

In Georgia, the State Board of Workers’ Compensation, an institution created by the Georgia legislature in 1920, oversees workers’ compensation.This agency’s primary objective is to provide accessible, compassionate, and efficient access to the workers comp insurance GA program, this agency also emphasizes workplace safety and a swift return to work for injured employees. The Georgia workers compensation board fulfills its crucial role through various functions and responsibilities:

  • Administering benefits: The Commission ensures that injured workers receive direct, immediate, essential, and reasonable medical, rehabilitation, and income benefits regardless of guilt. In the unfortunate occurrence of a worker’s demise due to work-related causes, the Commission also provides income benefits to the worker’s dependents.

  • Facilitating medical care: One of the Commission’s primary responsibilities is promptly delivering high-quality medical care to injured employees. This includes coordinating medical remedies to facilitate the employee’s recovery and eventual return to work.

  • Resolving claims: The Commission plays a crucial role in expediting the resolution of claims for workers’ compensation. They work assiduously to ensure that disputes are handled fairly and equitably, providing a mechanism for employees and employers to address benefits and compensation-related issues.

  • Promoting workplace safety: Besides its compensation-related responsibilities, the Commission significantly emphasizes promoting workplace safety. They engage employers and employees in activities and initiatives to improve safety standards, reducing the likelihood of work-related injuries.

  • Return to work initiatives: To facilitate injured workers’ reintegration into the workforce, the Commission collaborates with employers to identify appropriate employment opportunities. This is to the employees’ advantage and contributes to a thriving and productive labor force.

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Which Businesses Are Exempt from Getting Workers Compensation Insurance in Georgia

In Georgia, not all enterprises are required to acquire this insurance coverage. Understanding the exemptions contained within Georgia’s workers’ compensation laws is crucial. The following businesses are exempt from the obligation of securing workers compensation Georgia:

  • Sole proprietors and partnerships: Sole proprietors and partners in a business are not automatically considered employees of their enterprises. They can choose to include themselves as employees for workers’ compensation coverage. If they opt out, they are exempt from the requirement.

  • Corporate officers and LLC members: Officers of corporations and members of limited liability companies (LLCs) are typically regarded as employees of their respective companies. However, they may opt out of coverage by submitting Form WC-10 to their insurance provider.

  • Agricultural enterprises: Some agricultural businesses with a limited number of employees may be exempt from workers’ compensation requirements based on specific criteria related to the scale and nature of the agricultural operation.

  • Independent contractors: Companies that hire independent contractors are not considered employees. Therefore, businesses are typically exempt from providing independent contractors with workers’ compensation insurance. Nevertheless, it is crucial to correctly classify employees as independent contractors and ensure compliance with the legal requirements for this exemption.

It is important to note that even though these types of businesses may be exempt from the requirement to provide workers’ compensation insurance, they still have the option to obtain coverage if they so choose. In addition, the exemption criteria may have specific conditions and limitations, so business owners should consult with legal or insurance professionals to ensure compliance with Georgia state board of workers compensation regulations.


How Much Money Does Georgia Workers Compensation Insurance Give?

Georgia workers compensation rates are affected by variables such as the nature and severity of the injury, the date of the injury, and the average weekly income of the injured employee. Understanding the factors is crucial because they affect the amount of financial assistance an injured worker can anticipate. Workers’ compensation in Georgia typically provides the following income benefits:

  • Temporary total disability benefits (TTD): Workers who cannot work due to a compensable on-the-job injury are entitled to two-thirds of their average weekly compensation. This amount, however, cannot exceed the maximum permitted by the Workers’ Compensation Act at the time of injury. These weekly benefits are limited to 400 weeks from the date of injury for non-catastrophic injuries.

  • Temporary partial disability benefits (TPD): If an employee is injured on the job but can still work in a limited capacity, they may receive two-thirds of the difference between their pre-injury average weekly wage and their post-injury earning potential. Again, this amount cannot exceed the maximum under the Act at the time of injury and can be claimed for 350 weeks.

  • Permanent partial disability benefits (PPD): These benefits are available to workers who sustain a partial but persistent disability due to a work-related injury. The calculation entails a percentage rating given by a physician by the Guidelines of the American Medical Association. It multiplies a statutorily determined number of weeks by the percentage rating and the weekly benefit rate.

  • Death benefits: Eligible dependents, including a dependent spouse or minor children, receive weekly compensation equal to two-thirds of the deceased employee’s average weekly wage, up to the maximum rate provided by the Act at the time of injury. There are limits on total benefits depending on the circumstances, but the number of dependents does not affect the benefit amount.

In the event of a catastrophic injury, rehabilitation benefits may be provided in addition to medical benefits for reasonable and necessary treatment prescribed by an authorized physician. 

Claimants with occupational diseases are entitled to compensation comparable to that for injured workers. It is essential to note that workers’ compensation benefits are intended to provide financial assistance and medical care to employees who suffer from work-related injuries or ailments. Nevertheless, the precise quantity a person receives depends on their particular circumstances and the applicable legal provisions.


How Long Will an Employee Wait Before Receiving Benefits?

According to the Georgia workers compensation handbook, employees are eligible for weekly income benefits if they cannot work for more than seven days due to an injury or illness sustained on the job. The first benefit check should be mailed to the employee within 21 days of their initial absence. If the employee is absent for more than 21 consecutive days, he or she will be compensated for the first week of missed work. This structured timeline ensures injured employees receive timely financial support, recognizing the difficulties they face during recovery.

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Penalties for Not Getting Workers’ Compensation in Georgia

In Georgia, failing to obtain workers’ compensation insurance can have severe repercussions for employers and employees. Employers who disregard their legal requirement to obtain workers compensation Georgia are subject to severe penalties:

  • Employer penalties: Employers who fail to provide workers’ compensation insurance may be fined between $500 and $5,000 per violation. In addition, their refusal or failure to obtain such insurance is a misdemeanor.

  • False statements or representations: Individuals, businesses, and corporations who make false or deceptive statements or representations regarding workers’ compensation may face severe repercussions. There may be criminal penalties, including imprisonment for up to one year.

  • False statements for benefits: Civil penalties may be imposed on those who knowingly and intentionally make deceptive or misleading statements to obtain or deny benefits or payments under the law. These fines can range between $1,000 and $10,000 per offense.


Georgia Workers Compensation Insurance Cost

Workers compensation insurance in Georgia is $69 per month or $828 per year. The premiums businesses must pay for workmans comp GA depend on several factors. The cost varies based on your business’s location, your company’s size, and your specific coverage requirements. The following table compares several reputable insurance companies offering workers’ compensation insurance in Georgia to aid businesses in making informed decisions.


Cost per Month Cost per Year Best for
NEXT $35 $420 Best overall; Fastest Georgia state workers compensation insurance policy
Thimble $44 $528 Gig workers, freelancers, and contractors who need workers’ compensation insurance for short-term or project-based work.
Hiscox $56 $672 Businesses seeking straightforward and tailored workers’ compensation insurance.
CoverWallet $81 $972 Comparing workers compensation insurance quotes online
The Hartford $91 $1,092 Businesses in specialized sectors that require tailored workers’ compensation insurance solutions.
Tivly $106 $1,272 Comparing workers comp insurance quotes over the phone.

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Best Georgia Workers Compensation Insurance Companies

When finding the best  state of Georgia workers compensation providers, you should begin your search by identifying dependable service providers with a deep understanding of your industry. 

In our search for workers’ compensation coverage, we’ve identified the top insurance providers in Georgia who deeply understand your particular requirements. This curated selection empowers you to make an informed decision, allowing you to secure your workforce with the utmost confidence in the finest protection available.


NEXT

Pros

  • Online accessibility: NEXT makes buying and managing workmans comp insurance GA online easy for business owners.

  • Tailored coverage: They offer customizable policies so you can tailor coverage to meet the specific requirements of your business and avoid paying for unnecessary protection.

  • Quick quotes: NEXT is renowned for its speedy quoting process, which can be particularly advantageous if you need to obtain coverage quickly.

  • Premium discounts: Bundle workers comp with other insurance policies to enjoy a 5% discount

Cons

  • Couldn’t find any

NEXT is the market leader in providing comprehensive Georgia workers compensation insurance coverage for graphic designers and other businesses. This insurer ensures that its plans provide robust protection against occupational injuries and catastrophes by recognizing the unique dangers faced by creative employees. 

The streamlined online platform of NEXT makes it easy for graphic designers to obtain quotes, manage plans, and receive prompt customer service. NEXT meticulously balances specialized coverage and cost-effectiveness to protect the futures of Georgia’s creative industries.

Best for: Best overall; Fastest Georgia state workers compensation insurance policy

Average cost: $35 per month

Our rating: 10/10


CoverWallet 

Pros

  • Ease of use: CoverWallet is a user-friendly online platform that facilitates obtaining and managing workers compensation insurance policies in Georgia.

  • Multiple provider alternatives: CoverWallet provides access to various insurance providers, allowing you to compare quotes and select the policy that best meets your business’s requirements and budget.

  • Coverage tailor-made: They provide customized coverage options, allowing you to tailor your policy to your business’s hazards and needs.

Cons

  • Not an insurance company but an insurance broker 

CoverWallet is a dynamic insurance platform that simplifies obtaining workers’ compensation insurance. CoverWallet, a digital company, provides a convenient and user-friendly online platform for businesses across the state to browse, compare, and secure workers’ compensation insurance coverage. 

CoverWallet enables businesses to access a vast array of coverage options by partnering with multiple insurance providers, ensuring that each policy can be tailored to the specific requirements and risks of the insured. CoverWallet is a valuable resource for Georgia businesses seeking efficient and customized workers’ compensation insurance solutions, promoting workplace safety and employee financial security.

Best for: Comparing workers compensation insurance quotes online 

Average cost: $81 per month

Our rating:  10/10


The Hartford 

Pros

  • Experience and reputation: The Hartford is a well-established insurance company with a solid reputation for supplying workers’ compensation insurance, which inspires confidence in their products.

  • Customizable policies: They offer customizable coverage options, allowing Georgia businesses to tailor their workers’ compensation insurance to their particular requirements and industry risks.

  • Industry specialization: The Hartford has expertise in various industries, making it a suitable alternative for businesses across different sectors.

Cons

  • Availability:  Depending on your location within Georgia, coverage options and accessibility may vary, and not all policies may be accessible in every area.

The Hartford is a well-respected insurance company that provides comprehensive workers compensation Insurance options. The Hartford provides businesses nationwide with coverage options tailored to protect employers and employees. 

The company has a long history and a solid reputation in the insurance industry. Their industry-spanning expertise enables tailor-made insurance policies that address each business’s risks and requirements. 

The Hartford’s commitment to workplace safety and financial security makes it a reliable partner for protecting your workforce and ensuring compliance with Georgia workers comp requirements, regardless of the size of your company.

Best for: Businesses in specialized sectors that require tailored workers’ compensation insurance solutions.

Average cost: $91 per month 

Our rating: 10/10


Tivly 

Pros

  • Talk to a representative: An representative will help you compare quotes over the phone

  • Convenient digital claims: For businesses comfortable with digital records, the digital claims process can expedite claim processing, ensuring prompt compensation for workplace injuries or ailments.

  • Digital certificate access: Facilitating compliance and record-sharing, business owners can access and share their worker’s compensation insurance certificates online at no additional cost.

Cons

  • Limited familiarity with digital claims since it is a recent insurance market.

With a strong emphasis on industry-specific knowledge, Tivly provides a platform for businesses to explore and obtain customized insurance solutions that address the unique challenges encountered by different industries. 

Whether it’s protecting against workplace incidents or providing coverage for potential liabilities, Tivly is committed to connecting businesses with industry-specific, comprehensive insurance options. 

This dedication to industry expertise distinguishes Tivly as a valuable marketplace for businesses seeking customized workers’ compensation insurance coverage. Call and talk with a representative today to compare quotes over the phone. 

Best for: Comparing workers comp insurance quotes over the phone. 

Average cost: $106 per month 

Our rating: 9/10


Thimble

Pros

  • Flexibility: Thimble’s flexible policies, which include on-demand coverage, make it an ideal option for businesses that require short-term or temporary workers’ compensation insurance.

  • Quick access: Thimble’s digital platform enables businesses to obtain coverage rapidly and frequently within minutes, which can benefit those needing immediate insurance.

  • Affordability: The pricing structure of Thimble can be cost-effective, especially for businesses with sporadic or seasonal workers’ compensation insurance requirements.

Cons

  • Lack of in-person interaction 

Thimble is an innovative insurance company that provides flexible and on-demand workers’ compensation insurance options. Thimble provides a digital platform that enables businesses to obtain short-term coverage quickly and easily, focusing on meeting the evolving requirements of small businesses, gig workers, and freelancers. 

This method is especially advantageous for companies with sporadic or project-based workers’ compensation insurance needs. Thimble’s commitment to affordability, accessibility, and simplicity makes it a compelling option for those seeking quick and customizable coverage that adapts to their specific requirements, making workplace safety and compliance more accessible to various businesses and workers.

Best for: Gig workers, freelancers, and contractors who need workers’ compensation insurance for short-term or project-based work.

Average cost: $44 per month 

Our rating: 9/10


Hiscox

Pros

  • Specialized coverage: Hiscox offers specialized coverage options, which can benefit businesses with unique requirements or specific industry risks.

  • Customizable policies: They offer customizable policies, allowing businesses in Georgia to tailor their workers’ compensation insurance to their particular needs.

  • Online convenience: Hiscox offers a user-friendly online platform for obtaining quotes, managing policies, and obtaining customer support, making it convenient for businesses that prefer digital interactions.

Cons

  • Some policies that Hiscox sells come from partners

Hiscox is a distinguished insurance provider offering workers’ compensation insurance options designed to protect businesses and employees. Hiscox is ideally suited for businesses with specific requirements or industry-specific risks due to its expertise in customizing coverage. 

Their user-friendly online platform streamlines obtaining quotes, managing policies, and gaining access to customer support, making it an attractive option for digitally savvy businesses. Hiscox’s dedication to affordability and customization enables businesses to obtain Worker’s Compensation Insurance that matches their needs, ensuring financial security and compliance with Georgia workers compensation insurance requirements.

Best for: Businesses seeking straightforward and tailored workers’ compensation insurance.

Average cost: $56 per month 

Our rating: $8/10

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