Virginia workers' compensation rates may decrease in 2024.

Virginia is a great state for business owners. It boasts some of the lowest average workers' compensation rates in the country. VA is ranked as the 15th most affordable state for workers' comp insurance. Virginia rates are about 21% below the national average, offering a competitive advantage to employers in this state. Since workers' compensation remains one of the most profitable lines of coverage, insurance carriers are battling to win new business and premium.

Viginia is an NCCI state like most other states. NCCI issues employers' experience modification factors and collects all data for the state including claims, class codes, premiums, and payroll. They analyze this data and make annual recommendations to carriers and to the VA Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.

Don't pay too much for your workers' comp coverage. Our agents will find your best deal. Our technology tracks carrier rates by state and compares their pricing in real-time. Find out how knowledegeable agents, better advice and more options lead to lower rates and a better price.

Don't get stuck paying too much for your workers' comp coverage. Our agents know how to get you the lowest rates for your business. Call us today to find out how knowledegeable agents, expert advice and more choices lead to the best workers' comp quote.

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Workers Comp Rates are an Art & Science

What influences my workers comp insurance cost?

Your State & Class Codes

Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.

Your Claims or Losses

Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.

Prior Experience & Coverage

Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.

Virginia Rates for Select Work Comp Class Codes

Rates for State Class Codes. Select Codes Listed:

The workers' compensation rates listed for Virginia represent the current low and high insurance rates for 2023. Virginia rates are determined by the Virginia Workers' Compensation Commission and the Bureau of Insurance. Insurance companies are allowed to offer discounts and policy credits up to 25% on workers' comp coverage. We offer Pay As You Go wor comp insurance in Virginia. Not all employers will qualify for the lowest rates available or maximum policy credits. Our agency helps Virginia employers buy workers compensation coverage at the lowest rates available.

Class Code & Description Low Rate High Rate
0035 Farm-Planting and Harvesting-Cannabis Growers $1.82 $2.64
0042 Landscaping Service $3.76 $5.47
0106 Tree Trimming-Pruning-Removal $6.97 $10.12
0917 Residential Cleaning Service-Housekeepers $2.66 $3.68
2121 Breweries-Craft Beers $0.73 $1.06
2143 Winery-Wine Makers $1.74 $2.53
2589 Dry Cleaning & Laundry Service $1.30 $1.89
2589* Carpet Cleaning $1.30 $1.89
3632 Machine Shop $1.67 $2.42
3724 Garage Door Installation $2.47 $3.59
3821 Salvage Yard-Auto Recycling $3.89 $5.65
5022 Masonry Construction $4.60 $6.69
5102 Door & Window Installers $4.28 $6.22
5183 Plumbing Contractors $2.41 $3.50
5190 Electrical Work-Electrician $1.71 $2.48
5221 Concrete Work-Flat Work Cement $3.19 $4.63
5223 Pool Installation & Maintenance $4.52 $6.57
5348 Ceramic, Tile & Stone Work $2.69 $3.91
5437 Trim-Finish Carpenters-Cabinets-Countertops $4.57 $6.65
5445 Drywall Contractors $4.08 $5.93
5474 Painting Contractor $3.80 $5.53
5478 Floor Installers-Wood-Carpet-Laminate $2.89 $4.20
5535 Metal Building Construction $4.04 $5.88
5537 HVAC=Heating & Cooling Service/Repair $2.82 $4.09
5537* Solar Energy Contractors-Installation $2.82 $4.09
5551 Roofing Contractors $11.84 $17.20
5606 Asphalt & Paving Work $0.92 $1.34
5645 Residential Construction-Home Builders-Remodelers-Siding $8.17 $11.86
6217 Excavation & Grading Work $3.04 $4.41
6400 Fence Installation & Repair $3.98 $5.79
7225 Towing Company $4.85 $7.04
7228 Trucking- Short Haul $5.32 $7.51
7230 Package & Parcel Delivery $6.89 $10.00
7370 Non-emergency Medical Transport-Taxi-Limo-Airport Shuttle $3.31 $4.81
7605 Alarm Installation & Repair $1.37 $1.99
7720 Security Guards-Patrol Officers $1.56 $2.27
8006 Gas Stations-Convenience Stores $1.42 $2.06
8017 Retail Stores-Merchandise-Cannabis Dispensary $0.95 $1.38
8292 Warehousing & Storage Facility $2.10 $3.05
8380 Auto Service & Repair-Mechanic $1.98 $2.87
8393 Auto Body Repair $0.83 $1.21
8742 Sales Professional $0.15 $0.22
8810 Clerical-Office Employee $0.07 $0.10
8824 Retirement Living Center-Congregate Communities $1.58 $2.29
8824* Group Homes-Temporary Shelters-Disability Facility $1.58 $2.29
8824** Social Service Organizations-Church Temple $1.58 $2.29
8831 Animal Shelters & Kennels-Veterinarian $1.06 $1.54
8832 Medical Office-Doctor-Dentist-Chiropractor,Optometrist $0.19 $0.28
8835 Home Healthcare Workers $1.42 $2.06
8868 Religious Organizations-Church-Temple $0.21 $30.00
8869 Child Care Center-Daycare Providers $0.83 $1.21
9012 Property Management-Leasing Agent $0.58 $0.84
9014 Janitorial Service Contractors-Pest Control-Exterminating-Chimney $1.62 $2.35
9015 Building Maintenance-Campgrounds-Camps-RV Parks $1.52 $2.21
9052 Hotels & Motels $1.33 $1.93
9060 Golf Courses & Country Clubs $1.12 $1.63
9063 Fitness Center-Health Clubs=YMCA Programs $0.61 $0.89
9082 Restaurants & Catering $0.99 $1.44
9083 Fast Food Restaurant-Concessions-Doughnut Shop $0.88 $1.28
9083* Mobile Food Truck-Food Cart $0.88 $1.28
9084 Bars-Taverns-Nightclubs $1.07 $1.55
9102 Lawn Service & Maintenance $2.00 $2.90
9180 Shooting Range-Amusement Park $3.52 $5.11
9402 Septic Tank Cleaning-Portable Toilets $3.93 $5.71
9403 Refuse Collection-Garbage-Trash Service $5.31 $7.71
9516 Electrical Equipment Repair & Service $2.27 $3.30

Virginia workers' compensation rates vary by industrial NCCI class codes and insurance company underwriting standards. Employers' who have an Experience Modification Rate (EMR Rating) assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers' compensation losses. There is no State Fund in VA. All assigned risk policies are managed by NCCI. Get better priced quotes today..

State Resources for Virginia

Virginia Workers' Compensation Commission

1000 DMV Drive
Richmond, Virginia 23220
Virginia Workers' Comp Commission

VA Bureau of Insurance (BOI)

Tyler Building
1300 E Main Street
Richmond, VA 23218
State Corporation Commission

Virginia is under the Jurisdiction of the National Council for Compensation Insurance (NCCI). NCCI also administers that Assigned Risk plan and places all State Fund workers comp in Virginia.

Our agency helps employers find guaranteed state fund workers' comp in VA. If we can't find better coverage with a private insurance provider, we can help purchase a state fund policy.

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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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