NEXT is Georgia’s best workers’ compensation insurance provider, scoring 98 out of 100. The company offers reliable customer service, very low workers' comp rates and an extensive coverage selection. Pie and Nationwide are also good runners-up.
Cheapest Workers' Comp Insurance in Georgia
Updated: June 3, 2025
Advertising & Editorial Disclosure
Key Takeaways
NEXT, Pie, Nationwide, Thimble and biBerk are Georgia's best cheap workers' comp insurance providers.
For most small businesses in Georgia, workers' compensation coverage costs around $761 per year or $65 per month.
Workers' comp insurance is required in Georgia for all companies with employees to cover expenses from employees sustaining injuries or illnesses during business activities.
Best Cheap Workers’ Comp Insurance Companies in Georgia
| Next | 98 | $126 |
| Pie | 91 | $158 |
| Nationwide | 91 | $215 |
| Thimble | 87 | $235 |
| biBERK | 88 | $273 |
| The Hartford | 87 | $342 |
*Rates and scores are for software development businesses with small (five employees), medium (20 employees) and large (100 employees) operations, aggregated for an overall best recommendation.
Next: Best Overall
pros
Lowest rates overall
Highly rated customer service overall
Most flexible customer service
cons
Less affordable for larger small businesses
COMPANY HIGHLIGHTS
NEXT is Georgia's most affordable and best overall business insurance provider, maintaining a 4.7/5 customer rating while serving over 600,000 clients across 1,300 business types. The company also delivers convenience through instant online certificate access and round-the-clock chat support.
How Much Is Workers' Comp Insurance in Georgia?
Workers' comp rates for Georgia businesses range from $761 to $6,381 per year. This range applies only to software development companies. Your actual rates will vary based on:
- Number of employees
- Industry risk level
- Specific work performed by employees
- Claims history
| Larger small businesses | $547 | $6,381 |
| Businesses with five or less employees | $65 | $761 |
| Medium-size small businesses | $166 | $1,954 |
Factors That Impact Workers’ Compensation Costs in Georgia
The cost of workers' compensation insurance varies for each business based on several factors:
Payroll costs
Workers' compensation premiums are calculated per $100 of payroll, meaning businesses with larger payrolls automatically pay higher premiums than those with smaller wage expenses due to this proportional pricing structure.
Number of employees
Companies with larger workforces face statistically higher workplace injury risks due to increased employee exposure across diverse job functions and work environments.
Employee class code
Class codes categorize employee job functions and establish the premium rate per $100 of payroll, with hazardous industries like construction, mining, and manufacturing facing significantly higher rates due to elevated injury risks compared to office-based professions such as consulting, accounting and software development.
Previous claims
Workers' compensation claims history directly impacts premium costs through experience modification ratings that track your company's safety record over multiple years, with frequent or severe claims resulting in significant rate increases while clean histories earn discounts.
Georgia Workers' Comp Insurance: Buyer's Guide
Finding the right business insurance can be challenging. We've broken down how to get the best workers' comp coverage, who needs it and what this type of policy covers to guide you.
How to Get the Best Workers' Comp Insurance in Georgia
Here are the steps to help your organization get the best workers' compensation policy possible:
- 1
Learn about required coverages and options
Research your state's specific workers' compensation regulations and consult with a business insurance agent before purchasing coverage, as requirements vary significantly by industry, company size and claims history to obtain appropriate protection without costly over-insurance or inadequate coverage.
- 2
Research costs and providers
Research average costs and providers for your specific business to determine which companies to get quotes from. Also, consider state-provided options and whether self-insurance is possible in your state.
- 3
Consult similar businesses
Network with similar businesses in your community to gather firsthand insights about their workers' compensation experiences, provider satisfaction, coverage costs and specific industry challenges to help guide your insurance decision-making process.
- 4
Compare multiple providers through different means
Gather multiple quotes using online platforms, direct company contact and insurance agents. Compare providers equally and identify the best coverage and pricing for your business needs.
Do You Need Workers’ Compensation Insurance in Georgia?
All businesses in Georgia are required to carry workers’ compensation insurance. Sole proprietors, partners and corporate officers who fully own a corporation can choose to be excluded.
WORKERS’ COMP PENALTIES IN GEORGIA
In Georgia, employers who don't provide required workers' compensation insurance or follow workers' comp laws may face:
- Civil penalties: $500 to $5,000 per occurrence for failing to provide required coverage.
- General violations: $100 to $1,000 per violation for failing to file required forms or follow regulations.
- Criminal charges: Misdemeanor offense with fines of $1,000 to $10,000 and/or up to one year imprisonment.
- Fraud penalties: $1,000 to $10,000 per violation for making false or misleading statements.
- Additional costs: Attorney's fees, civil penalties and 10% increase in compensation to injured employees.
- Personal liability: Employers become responsible for all injury compensation, medical costs, and lost wages as if coverage existed.
What Does Workers’ Compensation Insurance Cover in Georgia?
Workers' compensation insurance provides benefits to employees experiencing work-related injuries or illnesses. This coverage includes medical care, disability benefits, lost wages and more for affected workers, paying out 66% of weekly wages according to Georgia law. This safeguards their employees and defends the business against potential legal claims associated with workplace injuries or illnesses.
Best Workers' Compensation Insurance Georgia: Bottom Line
NEXT, Pie and Nationwide are Georgia's best and cheapest workers' comp insurance providers. While we recommend these companies, compare rates and consult similar businesses in your industry to find the best deal.
Workers' Comp Insurance in Georgia: FAQ
Below are answers to frequently asked questions about Georgia workers' comp insurance from MoneyGeek experts:
Which company has the best workers’ compensation insurance in Georgia?
NEXT leads Georgia's workers' compensation market with competitive pricing averaging $126 monthly and a highly rated customer experience. However, your best insurance option depends on your industry, workforce size and state requirements.
Does Georgia require businesses to have workers’ compensation insurance?
In Georgia, workers' comp insurance is mandatory for all businesses, though sole proprietors, partners and corporate officers with full ownership may opt out.
How much does workers’ compensation insurance cost in Georgia?
In Georgia, the average monthly cost for workers’ compensation insurance for small businesses with 20 employees is $166.
How We Rated Workers' Comp Insurance Companies in Georgia
MoneyGeek calculated workers' compensation insurance rates using a software development business with five, 20 and 100 employees to represent various organization sizes.
Our scoring methodology included:
- Affordability (60%): Overall cost compared to other providers and different business profiles
- Customer experience (30%): Ratings from actual customers, J.D. Power studies, AM Best financial stability ratings and our team's experience with quote processes
- Coverage (10%): Additional options beyond standard offerings and breadth of industries served
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- NEXT. "Customer Reviews." Accessed June 3, 2025.
- Department of Administrative Services. "Georgia Workers' Compensation." Accessed June 3, 2025.