If you own a business in Virginia and have three or more employees, part-time or full-time, you must obtain worker’s compensation insurance. The agents at the Gantt Agency in Farmville, VA have the experience and knowledge it takes to guide you in creating a policy that works for you and your employees.
Workers’ Compensation for Virginia Business Owners
Virginia law regarding worker’s compensation was put into place to ensure that businesses’ employees are covered if they suffer an injury while on the job. You will need workers’ compensation insurance for all of your employees if you have three or more to ensure medical bills are paid, along with their lost wages, while they are off work due to an injury they sustained while on the job.
Workers’ compensation insurance will also help you and your business to avoid being sued in a civil lawsuit due to an employee being injured on the job. The employee will receive compensation for their wages to pay their bills while they are healing and recuperating from the injury they sustained while working at your business.
In Virginia, you do not only have to count the number of part-time and full-time employees who work directly for workers’ compensation. You must also count any subcontractors who work for your business. For example, if you only have one employee, you would not be required to have workers’ compensation insurance. Still, if you have one employee and three subcontractors working for your business, you must include the subcontractors in the total number of employees for workers’ compensation purposes.
To obtain the proper workers’ compensation policy for your business, contact the trusted agencies at Gantt Agency in Farmville, VA.