Workers compensation insurance covers employees injured on the job and also covers work-related illnesses. As a business owner, you are required to have Virginia workers compensation insurance coverage in order to comply with state and federal regulations.
Workers compensation insurance 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. Workers’ compensation insurance eliminates the need for time-consuming litigation, and creates an easier process to help injured employees recover and get back to work.