Regrettably, job-related injuries or illnesses are fairly common in today’s world. Workers’ compensation insurance (workers comp) is designed to protect employers and employees in the event that injuries occur at work, occupational diseases are contracted, or either occurs off-site while working.
In the State of Georgia, you are required to carry worker’s compensation insurance if you have three or more employees, including owners (owners may be excluded from coverage if they wish, but they do count toward the total number of employees a company has). If you are a contractor, no matter how may direct employees you have, you may be required to provide proof of coverage to those for whom you work.
While Workers’ Compensation laws do vary from state to state, our coverage includes injuries for loss of limbs, medical treatment, rehabilitation needed in order for workers or employees to return to work, lost wages (up to two-thirds of employee’s salary), death, and liability insurance for the company for all lawsuits filed by injured employees. Bagwell Insurance Group works hard to access many policy types so that we can provide you with affordable coverage for your risks.
Understanding Workers Compensation Insurance
Workers compensation is paid by companies to provide benefits to employees who become ill or injured on the job. Through this insurance program, workers are provided with benefits and medical care, and employers have the assurance that they will not be sued by the employee. Workers compensation is also referred to as “workers comp” and sometimes called “workman’s comp”. To learn more about workers compensation, we encourage you to contact us today to speak to one of our agents.