Virginia Workers' Compensation Insurance

Employers with two or more employees working in Virginia need to carry workers’ compensation insurance.

Workers’ compensation protects employees hurt on the job by covering medical expenses, rehabilitation costs and lost wages.

Start a quote on a workers’ compensation policy, or read on for more information about workers’ compensation insurance in Virginia.

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Low Rates Available in Virginia

Virginia Workers’ Compensation Requirements

Virginia requires employers to carry workers’ compensation insurance if they have two or more employees. This includes full-time, part-time, seasonal or temporary workers, minors, trainees, immigrants and family members.

Subcontractors’ employees are also included when counting the total number of employees. Unlike some states, this applies regardless of whether the subcontractor has workers’ compensation coverage for its employees.

Executive officers may reject coverage, but they must give proper notice to the employer and the Virginia Workers’ Compensation Commission.

How to Buy Workers’ Compensation in Virginia

Virginia has a private market. Businesses can purchase a workers' compensation policy from any insurance carrier or agency that is licensed to write in that state. Group insurance and self-insurance are also allowed.

If you’re still having trouble finding coverage, you can contact NCCI, which operates Virginia’s assigned risk pool and will place you with a carrier.

Virginia does not have reciprocity with any other states, so coverage in another state may not apply if employees cross state lines into Virginia to perform work, unless you have an all states endorsement on your policy.

Virginia Workers’ Compensation Insurance Rates

Virginia workers' compensation rates are among the lowest in the nation, paying less than $1.50 per $100 in payroll, according to a 2018 report by the Oregon Department of Consumer and Business Services. The state ranked 41st in the U.S. for workers’ compensation cost.

Like many states, Virginia uses the National Council on Compensation Insurance (NCCI) to collect workplace data and set rates. NCCI collects loss, premium and payroll data, and recommends rates. Rates are set by class code, or industry. This base rate is multiplied by company payroll, and then Experience Modifier and other discounts may be applied by an insurance carrier to calculate the final premium.

Virginia Work Comp Resources

Editor’s note: Last updated February 1, 2019

Here's What You Need to Get Started

To buy workers compensation insurance, you need to request a quote from a licensed insurance agent and provide some details about your business.

Here’s what to have in front of you:

  • Number of employees in each class code.
  • Total payroll for all employees. You may be able to exclude yourself if you don't wish to be covered under the policy. 
  • Federal ID Number. If you are a sole proprietor, you can use your Social Security Number.
  • Copy of your workers comp insurance policy, if you've had coverage or claims in the past few years. If you know your company's experience mod, please have your experience mod rating sheet or policy in front of you. Otherwise, you will be assigned a default rating of 1.0.

The information on this page has been interpreted and summarized for your convenience. Please consult your state's governing authority for the most current and complete legislation.