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How much does workers' comp insurance cost in Georgia for a small business in 2026?

A practical, 2026-current breakdown of Georgia workers' compensation rates by class code, carrier appetite, and what actually moves your premium.

Updated June 2026 · Reviewed by Winfield Lee, Bettr Coverage (Statesboro, GA)

Short answer
In 2026, Georgia workers' compensation insurance costs small businesses between $0.30 and $14.00 per $100 of payroll, with the median small-business policy landing around $1.20 per $100 — about $850 to $1,400 per employee per year for office and light commercial classes. Construction and trucking classes run 3 to 8 times higher. Georgia is an NCCI voluntary-market state, so the carrier you choose can swing your final premium 25 to 40 percent on identical loss runs.

Quick answer by class code (Georgia 2026)

These are typical small-business rates for clean-loss accounts in the Georgia voluntary market in 2026. Add 10 to 30 percent if your ex-mod is above 1.00.

NCCI class codeTrade / occupation2026 GA rate per $100 payrollAnnual premium on $300K payroll
8810Clerical / office$0.20 – $0.35$600 – $1,050
8742Outside sales$0.35 – $0.55$1,050 – $1,650
9079Restaurant — full service$2.00 – $3.40$6,000 – $10,200
9082Hotel — all employees$2.40 – $4.20$7,200 – $12,600
5183Plumbing$2.50 – $4.20$7,500 – $12,600
5190Electrical wiring$2.80 – $4.60$8,400 – $13,800
5188HVAC / heating & air$3.10 – $5.20$9,300 – $15,600
5403Carpentry NOC / general construction$7.50 – $13.00$22,500 – $39,000
5645Residential carpentry$10.00 – $17.50$30,000 – $52,500
5474Painting$6.20 – $10.50$18,600 – $31,500
5547Roofing — residential$18.00 – $30.00$54,000 – $90,000
5403Roofing — commercial$10.50 – $18.00$31,500 – $54,000
6217Excavation, grading, paving$5.80 – $9.40$17,400 – $28,200
7219Trucking — long haul$8.00 – $14.00$24,000 – $42,000
2702Logging / lumbering$22.00 – $38.00$66,000 – $114,000

Rates are 2026 indicative ranges across active GA voluntary-market carriers. Actual premium depends on payroll size, ex-mod, carrier LCM, schedule credits, and class-code accuracy.

Why Georgia is different from other Southeast states

Georgia operates under NCCI rules with a healthy voluntary market — there is no monopolistic state fund (unlike Wyoming, Washington, North Dakota, and Ohio), and Georgia's assigned-risk pool is small relative to the voluntary market. That means a Georgia small business almost always has at least 4 to 7 competing voluntary-market quotes available, and shopping the renewal genuinely matters. By comparison, Florida and South Carolina also have healthy voluntary markets, but Florida's coastal counties get tighter appetite and South Carolina's construction classes have fewer specialty writers.

Loss Cost Multipliers (LCMs) in Georgia in 2026 typically run 1.40 to 2.20 for small commercial business. A clean construction account might see an LCM of 1.55 with Builders Mutual and 2.10 with Travelers on the same submission — that's a 35 percent premium difference before any other adjustments.

What actually moves your premium

Class code accuracy (the biggest controllable lever)

NCCI publishes hundreds of class codes, and the wrong code costs you. A small commercial GC who actually does mostly carpentry trim work belongs in 5437 ($5.40 per $100) — not 5403 ($9.20 per $100). On $250K of payroll, that's a $9,500 annual difference. We see misclassifications on more than 40 percent of submissions we review. See full 2026 class code lookup for GA contractors.

Experience modification rate (ex-mod)

Your ex-mod is calculated annually by NCCI from your last 3 closed policy years (excluding the most recent). The 2026 ex-mod uses 2022, 2023, and 2024 claim data. An ex-mod of 0.85 saves you 15 percent; an ex-mod of 1.25 costs you 25 percent more. Closing open claims fast and tightly classifying medical-only vs lost-time claims is how you keep the ex-mod down. How to lower your ex-mod.

Carrier LCM and schedule credits

LCM is set by the carrier, not by you. Schedule credits (typically up to 25 percent off) are the underwriter's discretion based on documented safety programs, drug testing, return-to-work programs, and ownership management experience. Always ask the underwriter in writing why no credit was given — it's negotiable.

Payroll split (the often-missed lever)

If you're a 5403 carpentry contractor with two office staff, those office staff belong in 8810 ($0.20 per $100) — not 5403 ($9 per $100). Carriers often default to a single class code unless the dec page explicitly splits payroll. A two-person office on $80K of payroll incorrectly classified as 5403 costs you $7,200 per year in unnecessary premium.

2026 carrier ranges in Georgia (who's leaning in)

Get a real GA workers' comp quote in under a week →

How to get a quote that's actually competitive

  1. Pull your loss runs — last 5 years from each carrier you've had. Free request from the carrier or your current agent.
  2. Get a current dec page — make sure class codes match what your team actually does.
  3. Verify your ex-mod — NCCI publishes them, but errors are common. Your independent agent should request the calculation worksheet.
  4. Shop at least 4 carriers — fewer than 4 means you don't have a real market read.
  5. Compare LCM, not just final premium — a carrier with a lower LCM is the one that will renew you cleanly next year.
  6. Ask for schedule credit documentation — if your account has safety programs, drug testing, RTW, get the credit in writing.