Workers Compensation Information
Insuring: Lexington, Staunton, Covington, Buena Vista, Waynesboro, Clifton Forge, Warm Springs, Hot Springs, Rockbridge, Augusta, Alleghany and Bath Counties, Virginia.
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As an employer, it is your job to keep your employees safe at their place of work. Worker’s compensation insurance is a way to assist your employees if they face a workplace injury or illness. This coverage protects your employees and your business from potential lawsuits related to injury or illness. In the state of Virginia, it’s required that employers carry workers’ compensation insurance. Connect with your Huffman Insurance Agencies agent to get started with coverage.
What Does Workers’ Compensation Cover?
Workers’ compensation insurance can help cover costs related to workplace injury or illness. It can help cover medical expenses, lost wages, ongoing care costs and funeral expenses for affected employees.
Your policy can also assist with costs related to lawsuits due to the employer’s liability insurance. If an employee blames your business for their injury or illness, your coverage can help protect you financially from being sued.
Who is Eligible for Workers’ Compensation Coverage in Virginia?
In regards to workers’ compensation, the state of Virginia has a broad definition of employee. The following are all considered to be employees for workers’ compensation purposes:
Full-time or part-time workers
Corporate officers and managers of limited liability companies (LLCs), even if they’re not actually performing job duties for pay
Family members that work for the business
Employees who work on a temporary or seasonal basis
Immigrants or workers who are being trained
Workers younger than age 18
Employees working for nonprofit organizations such as churches, charities, and others
If you have questions regarding whether or not your employees need workers’ compensation insurance, contact an agent for more information.
How Much Does Workers’ Compensation Cost in Virginia?
The costs of workers’ compensation will vary based upon a few factors, including:
Number of employees
To determine the costs your business will pay, reach out to an agent to get started with a quote.
Do I need workers compensation insurance?
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.
To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.
Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.
Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
Get Started with Coverage
Our agents at Huffman Insurance Agencies are prepared to assist you with coverage and any questions you may have about workers’ compensation insurance. Reach out to an agent to get started with coverage today.
To get started, all you have to do is call us at 540-463-7719 or request an online quote right now. We’ve got the best interests of all Virginia entrepreneurs at heart, and we’ll make sure you can always rely on us when insuring your business.
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