WV Workers Comp Information
Find the latest information and laws regarding West Virginia workers compensation insurance.
West Virginia employers enjoy fairly good rates on Workers' Compensation Insurance Coverage. As of 2014 the rates were 26 percent lower than the rest of the country. One main reason for this is because West Virginia uses the National Council on Compensation Insurance (NCCI) as the assigned risk provider.
Previously West Virginia used its owned state fund and then briefly partnered with a private company Brick Street Mutual Insurance Company to be the assigned risk provider. Since 2009 West Virginia has partnered exclusively with the National Council on Compensation Insurance (NCCI) to determine rates on class codes and to administer the state fund. Rates have fallen steadily since this partnership was established.
Even though employers in West Virginia enjoy some of the lowest rates in the country, many businesses still pay too much for their Workers Comp Coverage. We offer several industry specific programs as well as flexible payment options to help employers enjoy even better coverage.
Call today to speak with one of our friendly experts about all the ways we can help you save on your Workers' Compensaiton Insurance 888-611-7467.
Get Started Here !
About Workers Compensation in West Virginia
West Virginia Insurance Commissioner
PO Box 50540
1124 Smith St.
Charleston, WV 25305-0540
What is Workers' Compensation?
The basic purpose of the Workers’ Compensation is to provide wage replacement benefits and medical treatment for employees who have been injured or become ill due to a work-related injury or illness. It prevents the employer from bearing the costs of injuries that occur during normal business operations.
West Virginia Assigned Risk
West Virginia partners with the National Council on Compensation Insurance (NCCI) to administer the assigned risk. NCCI gathers data, analyzes industry trends, and prepares objective insurance rate and loss cost recommendations. West Virginia uses NCCI to determine rates and administer the assigned risk for the state. If your business for any reason cannot find coverage on the open market the assigned risk will offer coverage. Coverage in the assigned risk is normally higher than the open market.
How does workers comp help my business?
Your business benefits from workers' compensation coverage by not being liable for injuries that occur as a part of normal business operations. This applies whether the injury was the fault of the business or was caused by negligent actions of the employee. You can move forward with your business operations knowing that if one of your employees is injured because of something that happens as a normal part of your business operations, your business is not liable for the costs.
How does workers comp help my employee?
Employees benefit from workers comp coverage by having lost wages covered while they are hurt or sick and not able to work. It also pays for medical costs they might incur as a result of the sickness or injury.
WV Workers Compensation Class Codes
According to a recent report, 2 out of 5 employers are likely misclassified into an NCCI class code with higher rates than the correct code. One of the primary components of pricing workers' compensation insurance is classifying a risk or workplace exposure within the proper NCCI workers compensation class code. Incorrect risk classifications by insurance agents and/or underwriters often results in premium that is higher or lower than it should be. Sometimes payroll is reclassified at the time of audit.
More Programs and Options
We're always working with our insurance carriers to develop specialized programs for a broad range of industry class codes. Our Target Programs are designed to streamline the underwriting process and help ensure we offer the lowest rates available anywhere.
- Home Healthcare
- Janitorial Services
- And More
Workers Compensation Help?
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Coverage
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
WV Work Comp Info
Easier to qualify for quotes
We are a nationwide retailer and offer workers compensation quotes from over 35 insurance carriers. Because we have access to so many providers we can find coverage for even the toughest work comp class codes.
Call today at 888-611-7467 to see if we can help you save on your work comp coverage.
Let Workers Compensation Shop.com help your business navigate workers comp insurance in West Virginia.
GET YOUR BEST WORKERS COMP QUOTE TODAY.
FIND YOUR LOWEST WORKERS COMP RATES
- National workers comp Specialists
- Licensed throughout the United States
- Programs for standard and tough class codes
COMPARE QUOTES FROM MORE THAN 35 CARRIERS
- Pay As You Go insurance coverage
- Easy billing and installment plans
- We've helped over 35,000 business owners
California DBA: I-Shop Online Insurance Agency.