Workers Comp Insurance For All Of Georgia

Workers Compensation Is Assurance For Employer & Employee Alike

If you’re a business owner, it’s important to have the appropriate insurance protections in place if an employee is injured on the job. Trying to obtain workers compensation coverage after the fact simply will not work. In other words, you need to be covered in advance. That’s exactly what a proper workers compensation policy does: It ensures that an injured worker’s medical and financial needs are taken care of when accidents happen.

What Is Workers Comp? Who Needs It?

Workers compensation insurance spreads and shifts the risk for on-the-job employee injuries from employers to insurance providers. Doing so protects the business from work-related claims and legal exposure. Business owners can breathe easier knowing employees will be properly cared for if an accident happens without posing a threat to the company’s profitability or to its solvency.

And workers compensation provides reimbursement regardless of who’s at fault for an on-the-job injury. If the injury occurs during the normal scope of normal job duties, workers compensation will pay all applicable benefits.

Workers’ Compensation Insurance Is Required By Law In Almost Every State. Each State’s Rules And Requirements Vary Significantly.
There are also several factors in how workers’ compensation premiums are calculated and the factors and the formula in which they are determined:
Factors Of Workers’ Compensation Premiums:
Premiums For Workers’ Compensations Insurance Are Calculated By The Formula Below:
Payroll (per $100) x Classifications Rate x Experience Modifier = Premium

What Does Workers Compensation Cover?

Workers Compensation covers several expenses related to a worker’s recovery from an on-the-job incident:

More Information About Workers Comp

Did you know? Georgia has an Employer Workers Compensation On-Line Insurance Verification site that allows users to quickly see whether a business operating in the State of Georgia has workers compensation insurance coverage and will also allow coverage to be tracked.

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