Workers’ comp isn’t just for high-risk jobs
Office workers file claims too!
Workers’ Compensation Insurance
Accidents happen, even in the safest workplaces. Workers’ Compensation Insurance provides financial protection for both employers and employees when work-related injuries or illnesses occur. At Safe Harbor Insurance, we help businesses navigate the complexities of workers’ comp, ensuring you stay compliant and protected.
What Is Workers’ Compensation Insurance?
Workers’ Compensation (Workers’ Comp) is a state-mandated insurance program that provides benefits to employees who suffer job-related injuries or illnesses. It covers medical expenses, lost wages, and rehabilitation costs while protecting employers from potential lawsuits.
How Much Does Workers’ Compensation Cost?
The cost of Workers’ Comp insurance varies based on several factors, including:
📌 Industry & Risk Level – High-risk industries (e.g., construction) have higher premiums than low-risk businesses.
📌 Payroll Size – Rates are calculated per $100 of payroll. The more employees you have, the higher the cost.
📌 Claims History – A history of frequent claims can increase your premiums.
📌 State Regulations – Workers’ comp is regulated at the state level, so costs and requirements vary.
On average, businesses pay between $0.75 to $2.50 per $100 of payroll, but rates fluctuate based on risk factors.
Who Needs Workers' Compensation Insurance?
Workers’ Compensation Insurance is essential for businesses of all sizes and industries. In most states, it is legally required for companies with employees, but even if it’s not mandated, having coverage protects both your business and your workers.
Businesses That Need Workers’ Comp:
✔ Employers with full-time or part-time employees – Georgia requires businesses with employees to carry workers’ comp coverage.
✔ High-risk industries – Construction, manufacturing, healthcare, and transportation businesses face higher risks and are required to have coverage.
✔ Small businesses – Even if you have just one employee, you may be legally required to carry workers’ compensation.
✔ Retail and office-based businesses – Slips, falls, and repetitive motion injuries can still occur in low-risk environments.
✔ Self-employed contractors (in some cases) – Some independent contractors or sole proprietors choose to purchase workers’ comp to meet contract requirements or protect themselves.
Who May Be Exempt?
🚫 Sole proprietors and business owners with no employees (varies by state).
🚫 Certain agricultural or seasonal workers (depending on state laws).
🚫 Independent contractors (unless required by a client or specific state laws).
If you’re unsure whether your business needs Workers’ Compensation Insurance, Safe Harbor Insurance can help you navigate the requirements and find the right coverage. Contact us today for a free consultation!
What Does Workers’ Comp Cover?
Workers’ Compensation Insurance typically covers:
✅ Medical Expenses – Hospital bills, doctor visits, surgeries, prescriptions, and physical therapy for work-related injuries.
✅ Lost Wages – A portion of the employee’s salary if they are unable to work due to a job-related injury.
✅ Disability Benefits – Compensation for temporary or permanent disabilities caused by workplace injuries.
✅ Rehabilitation Costs – Therapy and retraining programs to help injured employees return to work.
✅ Death Benefits – Financial support for dependents if an employee suffers a fatal work-related injury.
Does Not Cover?
❌ Injuries sustained while intoxicated or under the influence of drugs.
❌ Self-inflicted injuries.
❌ Injuries occurring outside of work-related duties.
❌ Injuries caused by horseplay or intentional misconduct.
❌ Independent contractors (unless covered by a specific policy).
Why Choose Safe Harbor for Workers' Comp Insurance?
✔ Tailored Coverage – We customize policies to fit your business size and industry.
✔ Expert Guidance – Our specialists help you understand compliance and risk management.
✔ Competitive Rates – We shop the best policies to keep your costs low.
✔ Quick & Easy Claims – We simplify the claims process, so you can focus on running your business.