Product

    Protect your business and employees with workers' compensation insurance in Virginia

    Workers' compensation insurance in Virginia offers financial and medical support to employees who experience job-related injuries or illnesses. Whether you're part of the tech industry in Northern Virginia or work in the hospitality field in Virginia Beach, having this coverage is essential for ensuring your team's well-being.

    Protect your business and meet Virginia workers' compensation rules. Talk to a Progressive Commercial agent to learn more about your options.

    Who needs workers' compensation insurance in Virginia?

    According to Virginia workers' compensation requirements, businesses with two or more employees need coverage. This ensures that team members with work-related injuries or illnesses receive medical care and compensation for lost income. You might also need workers' comp to fulfill the conditions of professional licenses and contracts.

    Virginia workers' compensation insurance exemptions

    There are certain exemptions to Virginia workers' compensation laws, including:

    Without workers' comp insurance in Virginia, your employees won't have protection against workplace accidents. Even if your business is exempt, you should consider coverage to support your team and avoid potential legal claims.

    What are the penalties for not having workers' comp in Virginia?

    Most Virginia businesses are required to have workers' compensation, and failing to comply can lead to fines of up to $50,000. Avoid these risks by consulting with Progressive Commercial for professional guidance and support.

    Learn more about the penalties for not having workers' comp in Virginia.

    Virginia delivery driver carries packages from a commercial van

    How much does workers' comp cost in Virginia?

    • Job classification code: In Virginia, the National Council on Compensation Insurance (NCCI) assigns class codes to categorize jobs and determine insurance rates based on risk level.
    • Payroll: Since workers' compensation rates are calculated per $100 of payroll, a larger payroll results in a higher premium.
    • Claims history: The number of claims you file may impact your workers' comp costs, with more claims leading to increased rates.
    • Insurance carrier: Rates may vary across different Virginia workers' compensation insurance companies since they each have their own methods of risk assessment and price setting.

    How can you get workers' comp in Virginia?

    When looking for workers' compensation insurance in Virginia, consider these options:

    • Private insurers: Many Virginia businesses prefer to get workers' comp through private insurers because they offer personalized coverage solutions and additional benefits.
    • Self-insurance: Businesses can also apply for self-insurance to potentially lower workers' comp costs by using their own funds to pay for claims. If you choose to self-insure, be prepared to manage financial risks and responsibilities yourself.
    • Group self-insurance: Some industries let you join group self-insurance trusts, where businesses combine resources for coverage. This partnership can lead to cost savings and shared risk management.
    • Professional Employer Organizations (PEOs): You can work with a PEO registered in Virginia to outsource benefits like workers' comp. This simplifies employee management and provides access to additional resources.
    • Assigned risk pool: Businesses that are new, considered risky, or have a large claims history might have a hard time getting private coverage or self-insurance. These companies can get Virginia workers' comp through the NCCI.

    Explore your options and work with a Progressive Commercial agent to find the best workers' compensation coverage.

    How does workers' comp work in Virginia?

    Virginia workers' comp insurance assists employees who suffer from job-related injuries and illnesses. After an employee reports an accident to their employer, either person can file a workers' comp claim. If the claim is approved, the employee receives financial assistance. The severity of the case determines the duration of benefits.

    Virginia workers' compensation benefits include:

    • Medical expenses
    • Disability benefits
    • Lost wages
    • Rehabilitation costs

    Workers' comp supports employees when they need it most and helps facilitate their return to work. It also reduces the risk of lawsuits, since employees who receive benefits typically can't sue your business.

    Virginia workers' comp death benefits

    If an employee passes away, Virginia workers' compensation death benefits are available to eligible family members. These include:

    • A lump-sum payment of up to $10,000 for funeral expenses
    • Payments equal to 66.67% of the deceased worker's weekly wage

    Virginia workers' compensation statute of limitations

    The Virginia statute of limitations give employees two years from the date of injury to file a claim. Encourage your employes to report any accidents immediately to make sure they can receive the benefits they deserve.

    Why choose Virginia workers' comp through Progressive Commercial

    For more than 50 years, Progressive Commercial has helped businesses like yours get the insurance they need. When you get workers' compensation insurance through us, you can expect exceptional service, competitive pricing, and advice you can trust.

    Call us to talk to an agent or start a quote online.

    Two small business owners with a business owners policy load boxes into a commercial van

    Start a quote to get Virginia workers' compensation insurance

    Get a quoteOr, call 1-888-806-9598