Workers’ Compensation Insurance in Georgia
No job is without its occupational liabilities, and at times, any employee could get hurt when they’re just trying to do their job. As a result, they might face significant personal losses that might threaten them with financial insecurity. It’s at this point their employer should be able to step in to provide workers’ compensation benefits.
Workers’ compensation insurance is not something that any business, including those in the Atlanta metro area, should be without if they want a strong risk management strategy. Let ProRisk Advisors help you find the policy that will be customized for your company’s unique, localized needs.
Call us today at (770) 540-7182 or request your free policy quote online to learn more!
Common Workers’ Compensation Insurance Questions in Atlanta
What is Workers’ Compensation Insurance Coverage?
Workers’ compensation insurance covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Coverage also includes employee rehabilitation and death benefits.
When someone sustains an occupational injury, they could face significant personal challenges, such as:
All these challenges could create a lot of financial insecurity for the victim. Because the injury occurred on the employer’s time, the employer’s workers’ compensation insurance can provide the necessary financial assistance.
All businesses with three or more workers (part-time, full-time or seasonal) in Georgia must carry workers’ compensation insurance, with limited exceptions. Company leaders and directors count towards the three-employee requirement.
Who Does Workers’ Compensation Insurance Cover in Atlanta?
Workers’ compensation insurance has two primary objectives:
The policy frees the employer from liability for employee accidents in most cases. By agreeing to take workers’ compensation benefits, the employee waives the right to sue the employer over their injury, except in certain circumstances.
The employee will be able to use their workers’ compensation benefits as supplementary income throughout their recovery period. Benefits will help replace the money lost from their inability to work in their normal capacity.
How Does Workers’ Compensation Insurance Work?
There are numerous injuries that might qualify an employee for workers’ compensation, including:
Depending on the employee’s qualifications for coverage, workers’ compensation might provide:
The employee must receive verification of their injury from a physician and file the appropriate documentation with their workers’ compensation claim. At this time, the insurer will follow Georgia’s workers’ compensation guidelines to determine the value of benefits and the length of time for which the recipient will qualify for assistance.