Workers' compensation insurance helps Virginia employers provide required benefits after eligible work-related injuries or illnesses.
Harter Insurance Agency keeps workers' compensation under the broader business insurance program and helps employers compare coverage requirements, payroll classifications, claims history, safety factors, and carrier options.
Coverage Requirements And Pricing Factors
Virginia coverage rules can depend on employee counts and business structure. Premiums are generally affected by industry classification, payroll, claims history, experience modification, and workplace safety record.
Virginia Workers' Compensation FAQs
What is workers' compensation insurance?
Workers' compensation insurance provides benefits to employees who suffer work-related injuries or illnesses. It helps pay medical treatment, wage replacement, disability benefits, and certain death benefits.
Is workers' compensation insurance required in Virginia?
Virginia generally requires employers who regularly employ more than two full-time or part-time employees to carry workers' compensation insurance.
How are employees counted for coverage requirements?
Virginia may count full-time employees, part-time employees, temporary workers, seasonal workers, minors, family members working in the business, corporate officers, LLC managers, and sometimes subcontractor employees.
Does a sole proprietor need workers' compensation insurance?
A sole proprietor with no employees and no subcontractors is generally not required to carry workers' compensation insurance, though coverage may be purchased voluntarily.
What does workers' compensation insurance cover?
Workers' compensation may provide medical treatment, prescriptions, physical therapy, hospital services, wage replacement benefits, disability benefits, and death benefits for eligible dependents.
What wage replacement benefits are available?
Employees who miss work because of a compensable injury may qualify for temporary total, temporary partial, permanent partial, or permanent total disability benefits.
What are an employer's responsibilities after a workplace injury?
Employers should maintain required coverage, report workplace injuries promptly, cooperate with claims administration, post required notices, and avoid charging employees for workers' compensation premiums.
How is workers' compensation insurance priced?
Premiums are generally based on industry classification, payroll, claims history, experience modification factor, and workplace safety record.
Questions about how this applies to your policy? Contact Harter Insurance Agency for a coverage review.
