How many insurers must reject an employer for the Workers' Compensation Assigned Risk Plan to become available?

The Workers' Compensation Assigned Risk Plan is designed to provide coverage for employers who are unable to obtain workers' compensation insurance through the regular marketplace due to various reasons, such as perceived high risk or other underwriting factors. For an employer to qualify for this plan, it is necessary that multiple insurers have declined to provide coverage.

In Georgia, the requirement is that if at least three insurers have rejected the employer's application for workers' compensation insurance, they can then access the Assigned Risk Plan. This ensures that the plan serves its purpose of helping those who genuinely cannot find coverage due to the traditional insurance market's risk assessment.

This requirement helps balance the stability of the insurance system while providing necessary support to employers who might otherwise face significant challenges in securing mandatory coverage for their employees.