GSP Insurance Group Blog
In the states of South Carolina and Georgia, workers' compensation insurance coverage is mandatory. If you own a business in either state, it's imperative that you're compliant with these laws in order to avoid fines and penalties. The work comp insurance experts at GSP Insurance Group will help you find the best rates on work comp policies so your company can get the coverage it needs to stay safe. Still unsure about what workers' compensation insurance does? We've put together a quick guide that covers all the basics for employers like yourself.
What Is Work Comp Insurance?
Work comp insurance is a policy that provides coverage for workers who are injured on the job, regardless of fault. In South Carolina and Georgia, employers are required to provide work comp insurance as part of their employee benefits packages. Work comp insurance can help employees recover from injuries and get back to work quickly.
Workers' compensation laws were created in the early 20th century to ensure that injured employees receive medical care and financial assistance during recovery periods while protecting them from any lawsuits brought against their employers. Workers' compensation pays benefits directly to the worker or their dependents when they're hurt at work, eliminating the need for individual lawsuits against an employer or third party like another employee or contractor.
Work Comp Insurance In South Carolina Or Georgia? See What GSP Insurance Group Has To Offer
What Does It Cover?
If you are an employer, Work Comp insurance covers the medical expenses of an injured employee and lost wages. It also covers the cost of hiring a temporary replacement, retraining the injured employee, and paying for future medical care.
What Isn't Covered?
You may be wondering if work comp insurance covers all the injuries you could imagine. The answer is no. Work comp insurance does not cover injuries that happen while you are intoxicated on alcohol or drugs, nor does it cover any injury that occurs while you are not working. This includes playing sports outside of work and going on vacation as well.
GSP Insurance Group has the right carriers to find you the best options on work comp insurance in South Carolina or Georgia.
Do you need work comp insurance in South Carolina or Georgia?
Are you looking for the best rates on this coverage? If so, contact GSP Insurance Group to see how we can help. We are an independent insurance agency that works with most major carriers to find the best options and value for our clients. We have a strong reputation for providing exceptional customer service and quality products at affordable prices.
If you have questions about our services or would like to schedule a free consultation with one of our representatives, call us today at (843) 707-4473 or fill out our online request form here: https://www.gspins.com/get-a-quote.html
Clearly, work comp insurance is a necessity if you operate in South Carolina or Georgia. Keeping your employees safe from job-related injuries and illnesses is simply good business practice. It keeps them healthy and happy so they can perform better at work, and it protects you from the devastating costs that come with medical bills for on-the-job accidents. If you haven’t looked into this important insurance yet, consider getting started today—you could find yourself saving money on premiums while protecting your business assets and most valuable resources: your employees.