Verified insurance requirements for general contractors operating in Georgia.
Georgia does not require GL insurance by state law. The Georgia State Licensing Board for Residential and General Contractors does not mandate GL as a condition of licensure. However, GL is commonly required contractually by project owners and GCs.
Minimum Coverage
$500,000 - $1,000,000
Estimated Annual Cost
$500 - $2,000/year
Georgia requires workers' compensation for employers with THREE or more employees, including part-time and corporate officers/LLC members who count toward the threshold (O.C.G.A. Section 34-9-2). Administered by the Georgia State Board of Workers' Compensation (SBWC). A contractor who sublets work to an uninsured subcontractor may be liable for that subcontractor's employees. Employers with fewer than 3 employees may still need WC contractually when working for a general contractor.
Minimum Coverage
Statutory limits
Estimated Annual Cost
$1,000 - $5,000/year
Georgia does not strictly require a surety bond for contractor licensure. However, applicants for a residential or general contractor license who cannot meet the minimum net worth requirement may post a $25,000 surety bond as an alternative (Georgia Code 43-41). The Georgia State Licensing Board for Residential and General Contractors administers this.
Minimum Coverage
$25,000 (if used in lieu of net worth requirement)
Estimated Annual Cost
$100 - $500/year
Required for business vehicles. Georgia auto minimums: 25/50/25 ($25K per person, $50K per accident bodily injury, $25K property damage).
Minimum Coverage
25/50/25 ($25K per person, $50K per accident bodily injury, $25K property damage)
Estimated Annual Cost
$1,200 - $3,000/year
Provides additional coverage beyond your general liability and auto policy limits. Recommended for larger projects.
Minimum Coverage
$1,000,000+
Estimated Annual Cost
$300 - $1,000/year
$2,800 - $10,000/year
Varies based on your revenue, number of employees, claims history, and specific coverage limits.
Insurance requirements and costs vary by insurer, your business specifics, and local regulations. Always consult with a licensed insurance agent for quotes specific to your situation. This guide is informational only.