Virginia Workers Comp Insurance

With limited exceptions, every employer in Virginia with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in VA purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

VA Workers Comp Insurance Specific Regulations

• A company that has three or more employees working in Virginia, regardless of full or part time must have workers’ compensation insurance.
• If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
• Virginia offers a private insurance market while offering an assigned risk pool for those have trouble securing coverage
• If you are a sole proprietor or partner in Virginia, you are excluded from coverage, but have the option to opt in
• If you are a corporate officer in Virginia, you have the option to partially opt out and reject workers’ compensation for accidents, but not for occupational diseases. To reject accident coverage, you have to file a Notice of Rejection with the carrier and the Virginia Workers’ Compensation Commission.
• If you are a member of an LLC in Virginia, you are excluded form coverage, but may include yourself