Virginia requires most employers to carry workers compensation insurance. If you have two or more employees in Virginia, you are required by law to carry coverage. Here is what Virginia business owners need to know.
Virginia Workers Comp Requirements
The Virginia Workers Compensation Act requires employers with two or more employees to carry workers comp insurance. This includes part-time and seasonal workers. Sole proprietors and partners are not automatically included but can elect coverage. Corporate officers are included unless they file to be excluded.
The Virginia Workers Compensation Commission
The Virginia Workers Compensation Commission administers the system, handles disputes, and enforces compliance. Employers who fail to carry required coverage can face fines, stop-work orders, and personal liability for any employee injuries that occur while uninsured.
Workers Comp Rates in Virginia
Virginia uses the standard class code and experience modifier system. Rates vary by industry. The state has a competitive private insurance market, and working with an independent agent who shops multiple carriers is the best way to find the most competitive rate.
Get a Free Virginia Workers Comp Quote
Comp Matters Inc. writes workers comp policies for Virginia businesses across all industries. Call (631) 248-2500 or request a free quote online today.
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