If you’re opening a business that will employ people, you’ll be held responsible for their well-being while on the job. In Georgia, this means you must hold workers’ compensation insurance to supply funds in case a worker gets injured as a result of their labor. If you’re unfamiliar with this type of business policy, here are answers to a few of the questions you may have about it. 

Frequently Asked Questions About Workers’ Comp Business Insurance 

What employers are obligated to carry this type of business insurance?

Any company that employs three or more people must carry this insurance. This is true even if some of your employees only work on a part-time basis. Corporate officers are also considered employees under this law. 

What happens if I don’t have it?

Civil and criminal penalties are both applicable to employers who don’t carry the right coverage. You may be fined and/or face a misdemeanor charge for refusing coverage. You’ll also be personally liable for any injured workers, meaning costs related to their medical care and lost income could come out of your pocket. 

Who regulates workers’ compensation in Georgia?

The State Board of Workers’ Compensation is responsible for establishing these rules and regulations. This office will also process claims from injured workers, answer employer questions, and investigate suspected claim fraud.

Is there a statute of limitations for claims?

After the injury, a worker has one year to file a claim. They may also request compensation for any medical bills, which won’t fall under workers’ comp. In this case, they have one year from the date of medical treatment to file a claim for additional compensation. If the claim is a result of a disease, the employee has one year from the date they were diagnosed to file.

If you need workers’ compensation insurance for your business, turn to Ash Welborn Insurance. Based in Hoschton, GA, and serving Northeast Georgia, these agents offer the benefits of over 28 years of experience. They also have strong working relationships with many different carriers, which means you’ll have access to several options. They insure both individuals and businesses. Visit their website for more information on workers’ comp coverage, or call (706) 510-0221 to request a quote.