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Applying for Workers Comp Insurance in Virginia

Virginia Coverage Requirements

    Businesses with 3 or more full-time or part-time employees are required to purchase workers compensation insurance. Companies with less than 3 employees can still be liable for the cost of a claim if workers' comp is not purchased.

    Sole-Proprietors and Partners are automatically excluded for coverage, but they can elect to be covered.

    Corporate Officers are automatically included in coverage, but they may elect to be partially excluded by rejecting accident coverage. A Notice of Rejection form must be filed with the carrier and the Insurance Commission. Unpaid Officers are not considered employees.

    LLC Members are considered owners and are not automatically covered on a workers comp policy. They are able to elect coverage on the Acord 130 form. Manager of LLC are treated the same as Officers.

2020 Payroll Limits & Owner Exclusion Requirments

    Sole-Proprietors and Partners who include themselves on workers compensation coverage must use a minimum annual payroll amount of $56,300 for rating purposes. (As of 4/1/2019)

    Officers and LLC Members who are not excluded from coverage must utilize a minimum annual payroll of $28,600 and a maximum payroll of $114,400 for the purpose of rating workers comp premium. (As of 4/1/2019)


Workers' Comp Insurance Varies by State- Know the Law

Every state has their own rules for how employees must be covered and how they must be classified for rating purposes. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in Virginia can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State fund coverage, is available for employers who are unable to find coverage from a private company. WorkersCompensationShop.com can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and claims.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in Virginia.

$O Deposit or Minimum Down

We've developed Pay As You Go worker compensation programs that reduce or eliminate premium deposits and allow Virginia employers to report and pay premium based on actual payroll wages. Reduce your audit risk.

Lower Monthly Payments

We've negotiated special terms with many of our insurance partners to offer more flexible payment options like 12 equal installments plans and monthly reporting programs to help improve cash flow for our business owners.

National Insurance Agency

We're a national insurance agency with more carriers and a stronger focus on workers compensation insurance than other Virginia bases agencies. You get the power of more leverage and more quote options when you decide to quote with us.

Quote Virginia Workers Compensation With Us

Exclusive Workers' Comp Programs

Our highly targeted workers compensation insurance programs help business owners get the very best coverage from insurance carriers with the greatest appetite for their insurance business. Find out how are programs help save employers time and money in Virginia.

Need Help With Virginia Class Codes?

Insurance rates vary significantly between NCCI classification codes. Let our VA Workers Compensation Specialists help you determine your correct workers compensation class codes before your buy a policy. We'll help make sure your business is properly covered.

Fast Workers Comp Quotes

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

Shop Over 35 Insurance Carriers

We're a National Agency, and we have tons of carriers offering work comp in Virginia. We have access to over 35 insurance companies with a diverse appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.

THE RIGHT QUOTE MAKES A DIFFERENCE.

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Did you know that the cost of a workers comp policy in Virginia can vary significantly between insurance company, underwriter, and insurance agency?
Find the best deal on workers compensation insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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