Workers Comp Insurance For All Of Georgia
Workers Compensation Is Assurance For Employer & Employee Alike
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.
Factors Of Workers’ Compensation Premiums:
- Size of the employer’s payroll
- Employee job classifications
- Experience Modifier(referred to as your MOD and it is a numeric representation of your company’s claim experience)
Premiums For Workers’ Compensations Insurance Are Calculated By The Formula Below:
What Does Workers Compensation Cover?
- Lost-time payments
- Medical care reimbursement
- Rehabilitative services payments
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.
Please visit: https://sbwc.georgia.gov/online-employers-workers-compensation-coverage-verification