The Dangers of Operating Without Workers' Compensation Insurance: Protecting Your Employees and Your Business
Operating a business comes with inherent risks, and one of the most significant responsibilities is ensuring the safety and well-being of your employees. Workers' compensation insurance plays a crucial role in providing financial protection and support to employees in the event of work-related injuries or illnesses.
Workers' Compensation Insurance may sound like something you don't need as a business owner. However, since you are the employer, not having it in place for the protection of your business and your employees may prove a crucial mistake, often without recovery.
In Georgia, the state law requires that a business with three or more employees needs to provide Workers' Compensation in the event of an injury.
However, even if you have fewer than 3 employees, it is still recommended to get coverage. You can't predict when an on-the-job injury will happen, and not having protection could be setting yourself up for big trouble.
There are many reasons why every business owner should seriously consider buying worker's compensation insurance in Georgia.