Over 1.7 million individuals, or 43.1% of the workforce in Georgia, are employed by the state’s 1.1 million small companies. Most of these small firms require workers’ compensation insurance to protect both their operations and their workforce. With workers’ comp insurance, small businesses may have less liability as a result of work-related accidents or illnesses. Georgia law also mandates workers’ comp insurance for businesses with three or more employees.
As a Georgia business owner, you are accountable for obtaining workers’ compensation insurance. If you’d like to know more, you can connect with a local insurance broker near you.
The amount your business needs will vary depending on how many employees you have. If your company doesn’t offer workers’ compensation, you may:
- Be liable for an injury or illness that takes place on the job
- Face penalties that can be either civil or criminal.
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Popular Workers Comp Insurance Coverages in the State
Standard Coverage
- General liability insurance
Recommended Coverage
- Georgia business owner’s policy
- Professional liability insurance
Optional Coverage
- Employment practices liability
Annual Workers’ Comp Cost Per Employee
Industry Cost
- Construction $1,589
- Manufacturing and Food Production $679
- Finance and Insurance $523
- Professional and Technical Services $491
- Hotels / Motels $384
Frequently Asked Questions
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How much is workers’ comp insurance in Georgia?
In Georgia, the estimated employer rate for workers’ compensation is $1.01 for every $100 of covered payroll.
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Is workers’ comp insurance required in Georgia?
Georgia law mandates workers’ compensation insurance for any company employing three or more people, even regular part-timers.
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Who is exempt from workers’ compensation insurance in Georgia?
Employees of the company include corporate officers and participants in limited liability companies. By submitting a Form WC-10 to their insurance company, any officer or member of a limited liability business (up to five people) may opt out of coverage.
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How long does workers’ comp last in Georgia?
You might be eligible to receive salary benefits for up to 400 weeks, depending on the details of your employment injury. A worker may occasionally be able to return to work, but with less hours.
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Do independent contractors need workers’ comp in Georgia?
Unfortunately, independent contractors are not covered by workers’ compensation under Georgia law. An employer is not required by law to offer workers’ compensation, although they may choose to do so in extremely unusual circumstances. The only people who qualify for coverage are those who work for an organization that has three or more permanent employees.
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How is workers’ comp calculated in Georgia?
Up to the state’s maximum allowance, you get two-thirds of your average weekly earnings. Your average weekly salary is the same as your average weekly salary for the 13 weeks prior to your injury. For injuries sustained on or after July 1, 2016, you are eligible for up to $575 per week.
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What is the highest workers’ comp settlement in Georgia?
At two-thirds of your typical weekly wage, you will receive weekly benefits. The maximum weekly payment you can get is $675.Although the majority of workers don’t get these benefits for that long, you could get them for up to 400 weeks.
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