Workman’s Comp Policies
Our Worker’s Compensation Insurance Policies are There to Protect Your Business’ Assets
Workers’ compensation insurance—commonly called workers’ comp—is an often-mandatory type of insurance that protects both your employees and your company if an employee experiences an injury or disease while at work.
Having a workers’ comp policy through Ford Insurance protects small-business owners if unexpected accidents happen, such as:
- Strains or sprains
- Broken bones
- Trips and falls
- Unsafe working conditions
- Accidental death
Workers’ compensation insurance helps pay the bills related to a work-related injury, disease or death, including medical care and lost wages. In return, you’re protected as a business owner if other issues come up
Does My Virginia Business Need to Have Workman’s Compensation Insurance?
The short answer is yes.
Workers’ Compensation Virginia law requires that most employers carry workers’ compensation insurance in place to cover their workers in the event of a work injury.
Workman’s comp policies provide protection for both employers and employees.
For the employer, it shields the employer from a civil lawsuit. For the injured worker, it provides prompt but limited benefits.
When is a Virginia Employer Required to Have Workman’s Compensation Coverage?
Virginia law requires an employer who employs three or more part-time or full-time employees to have a Virginia workers’ compensation policy in place.
When a business hires a subcontractor to perform the same trade, business or occupation, or to fulfill a contract of the business, the subcontractor’s employees are included in determining the total number of employees.
For those employers required to have coverage, it is mandatory, there are no waivers and no exceptions.
How Do I Get Workman’s Compensation Coverage in Virginia?
Here in the Hampton Roads area, we specialize in workman’s compensation insurance.
We will help you determine if you meet the requirements and must have a workman’s comp insurance policy. We will then walk you through` the process of getting insured immediately.
Are There Penalties If a Business Does Not Have Workman’s Compensation Coverage?
Yes. In the state of Virginia, an employer that fails to have a workers’ compensation policy shall be assessed a civil penalty of up to $5,000.
Let us help you avoid expensive lawsuits and unnecessary fines. Call us today and we will get you a workman’s compensation policy that fits your businesses’ needs.