After a workplace accident or the discovery of an occupational sickness, tens of thousands of employees and their families depend on workers' compensation for financial security and medical care.
Employers must adhere to tight requirements for workers' compensation insurance in Virginia. Any business with three or more full- or part-time employees must have workers' compensation insurance.
Moreover, when calculating the number of employees they have for workers' compensation purposes, businesses that use contractors to carry out regular job duties or complete a contract must include such people in their calculations.
Get an estimate for workers' compensation insurance today and see how it can help your employees return to work sooner.
Employees who become ill or injured are compensated through workers' compensation insurance. If they cannot work, it may also assist in making up part of their lost income. Virginia workers' compensation may help with:
Virginia's standards for workers' compensation can be complicated. Who is considered an employee and which businesses are exempt are specified in the regulations and laws governing workers' compensation.
Workers' compensation insurance is required in the Commonwealth of Virginia for employers with at least two employees. This rule applies to companies that:
Most of our customers, generally known as workers' comp insurance, paid an average of $70 per month for this coverage while their payroll was under $300,000.
Understanding that each company has a different cost for workers' compensation insurance is crucial. There is no set price because insurance firms consider various factors when establishing premiums.
This is a chronological pay and benefits chart stipulated by the Virginia Workers' Compensation Act.
2022 Rates include:
Whether you own a business, have a family member working in a hazardous field, or are concerned about your safety in the workplace, it is essential to recognize the risks. Consider the prevalence of workplace accidents and take measures to lessen their probability.
In addition, if you suffer consequences from a work-related accident, you should investigate the choices available to aid in your recovery. For instance, compensation assists numerous wounded workers in resuming normal activities.
The 2019 Census of Fatal Occupational Injuries (CFOI) program and the US Bureau of Labor Statistics reveal the following data:
Here are some frequently asked questions regarding workers' compensation in Virginia:
To serve the Commonwealth of Virginia's interests by offering superior services, resolving conflicts, and honorably carrying out the obligations given to us by injured workers, crime victims, employers, and associated industries.
Three years after the date of the employment accident that caused you to be an injured worker by sustaining injuries is the duration you have to report the work-related injury.
Knowing the different types of workers' compensation and their coverages is essential in getting the right policy for you if you want to avoid civil liability and avoid the stress of resolving disputes related to an injured employee.
Here are some of the most common types of car insurance, how they work, and what they cover:
Reliable commercial or business auto insurance remains competitive in small and large enterprises. However, finding the right commercial auto policy or coverage with medical expenses and liability insurance can make a big difference in your business's future.
Also Learn about Virginia Commercial Trucking Insurance
To learn more about commercial auto insurance policies for your business in Virginia, read through our blogs at Assured Standard and grasp what innovative long-term business solutions could look like.