There are many types of commercial insurance that businesses may need, and often, several types are essential for your specific operations. If you have employees, workers’ compensation insurance is a must-have. No business with employees should ever operate without this critical coverage, even for a short period. If you don’t have workers’ compensation insurance yet, it’s time to get it. To learn more, contact us at Garrison Insurance Group in Lilburn, GA.
The Worker’s Compensation Requirement
One key reason to have workers’ compensation insurance is that it may be legally required for your business. In Georgia, any business with three or more employees is mandated by law to carry this insurance. Without it, you could face fines, fees, and other penalties. Additionally, operating without workers’ compensation insurance leaves your business vulnerable to the financial consequences of employee accidents. Even seemingly minor accidents can result in significant expenses.
While the law requires workers’ compensation insurance for businesses with three or more employees, it’s a smart decision to have it even if you only employ one person. This coverage provides essential protection for both your business and your employees.
Protection for Your Business
The costs associated with workplace accidents can be overwhelming. Beyond medical bills, there are additional expenses, including legal fees, lost wages, and potential costs for ongoing therapies. These expenses can be crippling for small businesses. Workers’ compensation insurance covers these costs, ensuring your business doesn’t have to bear the financial burden. It’s a vital safeguard for your business and a way to support your employees, who may face risks such as falls and other accidents.
Get Workers’ Compensation Insurance
If you have employees and don’t yet have workers’ compensation insurance, now is the time to secure this essential coverage to protect your business. To learn more about workers’ compensation insurance, contact us at Garrison Insurance Group in Lilburn, GA. Our team is ready to assist you.
