Insurance Requirements for Businesses in Georgia

Starting and running a business in Georgia can involve navigating various legal requirements, including securing the appropriate insurance coverage. Business insurance is essential for safeguarding your company against financial losses from unexpected incidents such as property damage, theft, legal claims and employee injuries.

Business Insurance Recommendations

Georgia business owners should consider the following coverage:

• Workers’ compensation insurance—Georgia law mandates that businesses with three or more full- or part-time employees must carry workers’ compensation insurance. This coverage can help protect employees from loss of wages or income due to work-related injuries, illnesses or diseases.
• General liability insurance—While not legally required, general liability insurance is highly recommended. It can help protect your business from financial loss due to lawsuits related to injuries, deaths or property damage caused by your products, business operations or employees.
• Property insurance—This type of insurance can help cover buildings, contents, equipment and other real and personal property your business owns. It can help businesses repair or replace assets that are damaged by incidents such as fire, theft or severe weather.
• Commercial auto insurance—If your business operates vehicles, you typically need to carry insurance to cover liability claims arising from motor vehicle accidents.
• Professional liability insurance—Also known as errors and omissions insurance, this coverage can be essential for businesses that provide professional services. It can help financially protect against claims of negligence or inadequate work.
• Health and life insurance—Numerous businesses include health and life insurance in their employee benefits package to attract and retain talented employees. While not mandatory, these benefits can be a valuable addition to your compensation offerings.

Seek advice from an insurance provider who understands your industry and business operations. They can help you determine the necessary coverage and explore additional options tailored to your business needs.

Learn More

For insurance guidance near you, contact Providers Insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.