Virginia workers' compensation rates may see slight increase in 2020.

Virginia is a great state to do business in because it boasts some of the lowest workers' compensation rates in the country. Currently, VA is recognized as the 3rd most affordable state for work comp coverage, on average. VA rates are about 32% below the national average offering a competitive advantage to employers in this state.

Viginia is an NCCI state like most other states. This means that NCCI oversees employers' experience modifiers 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.

Workers' compensation rates may still vary for the same class codes in Virginia because insurance companies can apply policy credits and debits up to 25% to adjust their filed rates. More discounts may also be added to a policy depending on the size of payroll and overall claims experience.

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 knowledegable 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

We Track and Monitor Filed Rates for Most State Class Codes. Select Codes Listed:

The workers' compensation rates listed for Vermont represent the current insurance rates for 2019. Vermont 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 coverage. We offer Pay As You Go coverage in Vermont. Not all employers will qualify for the lowest rates available or maximum policy credits. Our agency helps VT employers buy workers compensation coverage at the lowest rates available.

Class Code & Description Low Rate High Rate
0035 Farm- Planting and Harvesting- Cannabis Growers $2.14 $3.02
0042 Landscaping Service $4.10 $5.80
0106 Tree Trimming- Pruning- Removal $7.75 $10.94
0917 Residential Cleaning Service- Housekeepers $3.05 $4.31
2121 Breweries- Craft Beers $0.72 $1.02
2143 Winery- Wine Makers $1.92 $2.71
2585 Carpet Cleaning $2.74 $3.87
2589 Dry Cleaning and Laundry Service $1.41 $1.99
3632 Machine Shop $1.97 $2.78
3724 Garage Door Installation $2.77 $3.91
3821 Garage Door Installation $4.36 $6.16
5022 Masonry Construction $5.32 $7.51
5102 Door and Window Installers $4.51 $6.38
5183 Plumbing Contractors $2.85 $4.02
5190 Electrical Work- Electrician $2.01 $2.84
5221 Concrete Work- Flat Work Cement $3.53 $4.98
5223 Pool Installation- Pool Maintenance $5.23 $7.38
5348 Ceramic, Tile and Stone Work $3.17 $4.48
5437 Trim- Finish Carpenters- Cabinets- Countertops $4.49 $6.35
5445 Drywall Contractors $4.49 $6.35
5474 Painting Contractor $4.52 $6.39
5478 Floor Installers- Wood-Carpet-Laminate $3.53 $4.98
5535 Metal Building Construction $4.65 $6.58
5537 HVAC- Heating and Cooling Service/Repair $3.20 $4.52
5537* Solar Energy Contractors- Installation $3.20 $4.52
5551 Roofing Contractors $12.01 $16.96
5606 Asphalt & Paving Work $1.02 $1.44
5645 Residential Construction- Home Builders- Remodelers- Siding $9.30 $13.13
6217 Excavation and Grading Work $3.93 $5.56
6400 Fence Installation & Repair $5.13 $7.24
7225 Towing Company $5.32 $7.51
7228 Trucking- Short Haul $5.32 $7.51
7230 Package and Parcel Delivery $8.36 $11.80
7370 Non-Emergency Medical Transportation- Taxi- Limousine- Airport Shuttle $4.22 $5.96
7605 Alarm Installation and Repair $1.55 $2.19
7720 Security Guards- Patrol Officers $1.66 $2.34
8006 Gas Stations- Convenient Stores $1.53 $2.16
8017 Retail Stores- Merchandise- Cannabis Dispensary $1.02 $1.44
8292 Warehousing and Storage Facility $2.16 $3.05
8380 Auto Service and Repair- Mechanic $2.26 $3.19
8393 Auto Body Repair $0.91 $1.28
8742 Sales Professional $0.18 $0.25
8810 Clerical- Office Employee $0.08 $0.11
8824 Retirement Living Centers- Congregate Communities $1.96 $2.77
8829 Nursing Homes and Assisted Living Facilities $1.67 $2.36
8831 Animal Shelters and Kennels- Veterinarian $1.21 $1.71
8832 Medical Office- Doctor- Dentist- Chiropractor, Optometrist $0.22 $0.31
8835 Home Healthcare Workers $1.71 $2.41
8868 Religious Organization- Church- Temple $0.23 $0.32
8869 Child Care Center- Daycare Providers $0.95 $1.34
9012 Property Management- Leasing Agent $0.66 $0.93
9014 Janitorial Service Contractors- Pest Control- Exterminating- Chimney $1.98 $2.80
9015 Building Maintenance-Campgrounds-Camps-RV Parks $1.58 $2.23
9052 Hotels and Motels $1.42 $2.01
9060 Golf Courses and Country Clubs $1.22 $1.72
9063 Fitness Center- Health Clubs- YMCA Programs $0.71 $1.00
9082 Restaurants- Catering $1.01 $1.43
9083 Fast Food Restaurant- Concessions- Doughnut Shop $0.98 $1.38
9083* Mobile Food Truck- Food Cart- $0.98 $1.38
9084 Bars-Taverns-Nightclubs $1.27 $1.79
9102 Lawn Service and Maintenance $2.25 $3.18
9180 Shooting Range- Amusement Park $4.29 $6.06
9402 Septic Tank Cleaning- Portable Toilets $4.44 $6.27
9403 Refuse Collection- Garbage- Trash Service $5.56 $7.85
9516 Electrical Equipment Repair and Service $2.64 $3.73

Vermont workers' compensation rates vary by industrial NCCI classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Rate 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 Vermont and all assigned risk policies are managed by NCCI. Start a quote or find coverage across state lines.


State Resources for Virginia

Virginia Workers' Compensation Commission

1000 DMV Drive
Richmond, Virginia 23220
877-664-2566
Virginia Workers' Comp Commission

VA Bureau of Insurance (BOI)

Tyler Building
1300 E Main Street
Richmond, VA 23218
800-552-7945
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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