Workers Compensation

How Does Workers’ Compensation Insurance Work?  

Workers’ compensation is a policy that helps employees who have experienced a work-related injury or illness. Coverage is required in most states and is beneficial not only to employees but employers. At HIS Insurance & Services, we’re ready to help you protect your business and employees from harm.  

What Does Workers’ Compensation Insurance Cover? 

Workers’ compensation insurance may cover the following:  

• Cover medical care and medical treatment

• Replacement of lost wages if an employee takes time off from work to recover

• Provide disability benefits

• Give death benefits

Aside from the benefits provided to employees, employers may also have benefits through workers’ compensation insurance, including:  

• Attorney’s fees

• Court costs

• Witness fees

• Settlements

When Do I Need Workers’ Compensation Insurance?  

In Virginia, a business with more than two employees must carry workers’ compensation insurance. Employees are classified as full-time, part-time, seasonal and temporary workers. Please note that laws are subject to change. Work with an HIS Insurance & Services team member to learn about the latest workers’ compensation laws in Virginia and to determine whether your business needs to purchase coverage.  

What Is the Cost of Workers’ Compensation Insurance?  

There is no set cost for workers’ compensation insurance. The cost of your policy will depend on factors such as:

 

• Payroll

• Industry

• Type of work

• Claims history

Be sure to reach out to an agent to discuss your premium rate.  

Get Started With Coverage 

Our agents at HIS Insurance & Services are here to help you sort through your coverage needs. If you are considering workers’ compensation insurance or are legally required to have coverage and need to get started, contact an agent today.