Best Workers Comp Insurance in GA

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Accidents at work can happen at any time. Let’s say a heavy box falls on you or one of your employees at work. That’s when workers’ comp steps up to the plate. All businesses benefit from using workers’ comp to protect their business and employees. 

Get Workers Comp in Georgia
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The Best Workers Comp Insurance in GA:

  • Best for Interstate Businesses: Farmers
  • Best for Public Entities: Travelers
  • Best for Small Businesses: Hiscox
  • Best for Multi-Worksite Businesses: Zurich
  • Best for Growing and Transitioning Businesses: Chubb

Georgia Workers Compensation Insurance: An Overview

Workers’ compensation covers both employees and employers. Workers’ comp insurance in Georgia takes care of your medical, rehabilitation and lost wages if you’re injured on the job. These benefits help you recover and return to work. Your dependents will also receive benefits if the worst happens — that you die in a workplace accident. 

Before 1911, the only recourse an employee had was to sue their employer for lost benefits or wages. Now, workers’ comp insurance also protects employers against lawsuits. Protecting employees protects businesses, too. Now that workers’ comp is part of the average employment contract, businesses and employees can focus their efforts on the tasks at hand instead of worrying about what will happen after a possible accident.  

Here’s the workers’ comp insurance impact on Georgia:

  • Number of fatal injuries annually: 171 workers suffered a fatal injury at work. 
  • Employer cost per $100 of covered payroll: Employers spend $1.10 for every $100 of payroll for workers’ comp.  
  • National ranking (1= largest % increase from 2012-2016): Georgia ranks 26th in percent increase for employer cost per $100 in payroll. 
  • Low rate per $100 in payroll: Clerical workers cost least per $100 in payroll at $0.12.
  • High rate per $100 in payroll: Laborers cost the most at $38.83 per $100 in payroll. 

How Does Georgia Workers Compensation Law Work?

By law, any business in Georgia with 3 or more workers must have workers’ compensation insurance. Workers’ compensation covers employees from their first day on the job. Both employers and employees can double-check the status of worker’s comp coverage at www.sbwc.georgia.gov

You should report an incident at the workplace immediately. The injured employee should see an approved medical care provider. At a high level, workers’ comp insurance covers:

  • All authorized medical expenses, including doctor and hospital bills, physical therapy and prescriptions. You may also need rehabilitation.
  • You’ll receive ⅔ of your average weekly wage up to $675 per week if you’re unable to work for more than 7 days. You’re eligible to receive income for up to 400 weeks.
  • You’re entitled to job retraining if your injury renders you incapable of doing their job, then they’re entitled to job retraining and help to get another job.

Employers in Georgia who participate in the state’s drug-free workplace program must test employees after an accident that results in lost work time. If an employee’s accident is caused by illegal drugs or alcohol, their claim and benefits are in jeopardy.   

Common work injuries in Georgia include:

  • Industrial accidents
  • Slips and falls
  • Overexertion
  • Machine entanglements
  • Falling objects
  • Vehicle accidents
  • Repetitive motion injuries

Employer Cost for Workers Compensation

In Georgia, workers’ comp rates differ based on the type of job you have. Here are a few examples based on businesses with at least 3 employees and an estimated $250 state fee.

Class CodeClass Code DescriptionRateAnnual PayState FeeAnnual Employer Premium
0035Farm- Planting and Harvesting- Cannabis Growers$1.97 – $8.68$24,562$250$3,669.35 – $11,909.90
9060Golf Courses and Country Clubs$1.02 – $4.50$28,905$250$2,724.15 – $7,753.65
8292Warehousing and Storage Facility

$3.54 – $15.60$24,703$250$5,622.45 – $20,518.35
5537 HVAC- Heating and Cooling Service/Repair$3.47 – $15.29
$64,079$250$12,367.70 – $50,238.40 
7219Trucking- Short Haul and Long Haul
$4.84 – $21.33$49,372$250$13,198.00 – $53,905.25

4 Types of Workers Comp Benefits

  1. Wage replacement benefits: You’re entitled to wage replacement if you’re injured at work and cannot work for 7 consecutive days or more. In Georgia, this amounts to ⅔ of the worker’s average pay up to $675 per week if the injury happened on or after July 1, 2019.
  2. Permanent partial disability benefits: You’re eligible for benefits if you sustain a permanent disability that doesn’t completely take away your ability to work. The benefit depends on the condition of the disability and the body part affected.
  3. Vocational rehabilitation benefits: Vocational rehabilitation benefits could help you get a new job if an employee cannot return the job they had at the time of their injury. Employees may receive counseling, job retraining and vocational monitoring. 
  4. Medical benefits: This benefit covers an injured employee’s necessary and reasonable medical care which includes doctor visits, prescriptions and rehabilitation.

There are a few exceptions, according to the Social Security Administration.

  • Longshore and harbor workers are covered under a compensation act from 1927. 
  • The Black Lung Benefits Act of 1972 covers coal miners suffering from pneumoconiosis.
  • People who contract certain cancers and other serious diseases that result from exposure to radiation released during above-ground nuclear weapons tests or during employment in underground uranium mines are accounted for in the Radiation Exposure Compensation Act of 1990. 
  • The Energy Employees Occupational Illness Compensation Program provides civilian workers who became ill as a result of exposure to radiation, beryllium or silica through nuclear weapons testing.

Best Workers Comp Insurance in GA

The underlying or overarching goal of a business is to succeed. Protecting your employees protects your business. And that is one step toward success. If employees get hurt on the job, you want them to recover quickly and return to work. Likewise, if an employee gets hurt, you need to protect your business from lengthy and expensive lawsuits. 

Some of the best workers’ compensation insurance in the U.S. includes Zurich, Hiscox and Travelers. Here are a few more that are best for Georgia.

1. Farmers: Best for Interstate Businesses

Farmers Insurance helps your business run smoothly by mitigating risk and helping employees recover from workplace injuries. They use in-house employees to manage claims quickly and thoroughly. Farmers help get employees back to work at the same job or a modified job.

Farmers also helps improve practices and reduce risk. Farmers also offers a full suite of business insurance policies so you can stay focused on what you do best. AM Best, a global credit rating agency that focuses on the insurance industry, gives Farmers a B++ rating. The Better Business Bureau (BBB) gives it an A+.

2. Travelers: Best for Public Entities 

A nationwide network with local personnel, Travelers provides workers’ compensation insurance to small businesses, public entities and the oil and gas industry. Public entities include public schools, municipalities and counties, transit authorities and utilities.

Travelers protects your business and helps employees. It focuses its efforts on preventing accidents by helping businesses promote a safety and wellness culture and employee training. But accidents happen and Travelers offers peace of mind to employers. Travelers has been given an A++ by AM Best and an A+ from the BBB. 

3. Hiscox: Best for Small Businesses

Hiscox provides workers’ comp insurance to small businesses with unmatched expertise. You can sign up for a policy online or with a broker in person. Hiscox teamed up with CoverHound so you can get a workers’ compensation insurance estimate in minutes.

Hiscox offers additional business insurance options, too. They include general liability, special needs (e.g. client contract) and cybersecurity. AM Best gives Hiscox an A rating. The BBB gives it an A+.   

4. Zurich: Best for Multi-Worksite Businesses

Zurich deftly grasps the challenges as well as the impact of workers’ comp on the operations, productivity and profitability for a business. Zurich specialists firmly grasp Georgia law.

They help your business before, during and after an incident. Zurich offers risk engineering services so if something does happen employees can return to work quickly. The BBB and AM Best give Zurich an A+.  

5. Chubb: Best for Growing and Transitioning Businesses

Chubb understands that employees are your biggest asset. And that’s true whether you have 1 employee or 1,000 employees and whether those employees are located in the state, country or overseas. Size and location aren’t a concern for Chubb. They provide workers’ comp insurance to small, medium and large businesses. Chubb focuses on helping businesses make its workplace safe.

In the event of an accident, they attend to claims directly and objectively to get employees back to work. They also provide assistance with cost management. Chubb can cover your needs and is ready to adapt coverage as your needs change. The BBB gives Chubb an A+. AM Best gives Chubb an A++ rating. 

Be Prepared with the Best Workers Comp in GA

Even the most safety-conscious companies and employees are susceptible to an accident. Though the likelihood can increase or decrease with awareness and prevention, accidents still happen. You want the right workers’ compensation coverage in Georgia to make sure your business is protected and your employees get the help they need. 

Frequently Asked Questions

1) Q: How long can an employee stay on workers’ compensation?

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1) Q: How long can an employee stay on workers’ compensation?
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The length of time that an employee can remain on workers’ compensation is set by the state. Usually, the range is from 3 to 7 years. In addition to that, there is generally not a limit for permanent disability benefits unless you live in a state that terminates the benefits at age 65. For employers seeking the cheapest workers’ compensation insurance, check out these top providers.

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2) Q: Who pays for workers’ compensation benefits?

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2) Q: Who pays for workers’ compensation benefits?
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The employer is responsible for purchasing workers’ compensation insurance to cover the benefits of employees. The must pay a monthly premium based on class code and payroll. To get a custom workers’ compensation quote, click here.

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3) Q: Do I have to get workers’ compensation insurance?

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3) Q: Do I have to get workers’ compensation insurance?
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This depends on which state you have employees. The following states require workers; compensation under specific requirements: AK, CA, CO, CT, DE, HI, IL, IA, KS, KY, MD, MA, MI, MN, MS, NH, NJ, NY, NC, OH, OK, SC, SD, UT, WA. To get the best workers’ compensation premium, enter your zip code here.

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