We currently providing workers compensation policies to our clients in Virginia, West Virginia, Maryland, Pennsylvania, North Carolina, South Carolina, Georgia and Florida through more than 15 insurance carriers. This partnership allows us to serve your workers comp needs better, simpler and faster.
Our focus is Virginia business, but we are continuing our growth in other east coast states. We focus on mom-and-pop Small Business doing Landscape, interior or exterior Paint, Electrical services, HVAC, Window installation, Carpet Installation, Floor installation, Janitorial services, Drywall installation and Carpentry work.
As a specialty agency, our commitment is to provide our clients with competitive rates and industry knowledge that allows us to match your business to the carrier that best meets your needs.
The Virginia workers compensation markets are changing rapidly, with less companies that offer the class codes that your business needs, and for those companies that offer the workers compensation insurance policies, the rates are higher every year. That’s one of the reasons why we decided to focus on finding more Virginia Workers Compensation insurance companies that offer less costs with better benefits to our clients.
The Best Workers Compensation Insurance Policies include:
- Good Rates
- Responsive service
- Competence and commitment
- Understanding risk
What We Offer
We strive to be a Virginia workers compensation specialist agency and we are highly committed to protecting our clients and their employees. We are dedicated on all aspects of workers compensation with products, services, processes and claims.
Discover your benefits
- Competitive pricing.
- An easy and streamlined process for obtaining quick quotes.
- Easy and friendly payment plans.
- Loss control services/inspections that can make a workplace safer.
- Fair and fast claims handling that focuses on quality medical care to achieve the quickest possible return to work.
- Excellent customer service.
What is Workers Compensation Insurance?
Virginia Workers compensation insurance policies or workman’s comp insurance policies offers benefits to employees for work-related injuries, medical care and wages from lost work time. Workers compensation insurance covers a deceased worker’s family with a financial benefit as well.
Workers compensation insurance policies can help protect your business and employees in events such as:
- An accident that requires a visit to the emergency room and recovery time.
- Back injuries that require a doctor’s attention, medication and physical therapy.
- An employee that gets injured in a car accident during work hours and/or requires hospitalization.
With a Virginia workers compensation insurance policy your business has help to pay for the medical expenses needed to treat these job-related injuries. Workers compensation will also help your employees to recover a percentage of their income while they take time off to recover from the injury.
How does Workers Comp Insurance work?
- When employees have a work-related injury, the workers compensation policy offer protection that helps cover wages and medical benefits.
- Offers programs designed to support companies, promote employee safety and well-being, and help get personnel back to work as soon as reasonably possible.
The advantages of workers compensation insurance policies
- Employees can receive services from providers experienced in treating workplace injuries.
- Employees can receive care and treatment along with physical, emotional and occupational therapies if needed.
How much per year is the cost of a Workers Compensation Insurance policy?
All Virginia insurance companies base workers compensation premiums on the amount of payroll an employer has, as well as how dangerous the work/risk is including past claims experience.
How the companies calculate the Workers Compensation Insurance premium?
The cost is calculated based on a rate charged per $100 of payroll. Rates vary by state as well as based on the type of work/risk employees are engaged in and the business’ claims history.
Workers Classification Code Rate x Experience Modification Number x Payroll per every $100 = Premium
Example: 13.61 (code rate) x 1.90 (Exp Mod) x Payroll / $100 = $ (Premium)
The workers classification code rate is determined by the type of work performed by its employees. States provide the basis for rates by classification code. The Experience Modification is determined by the business’s insurance claims history and is calculated by the state bureau and shared between all insurance companies. The average modification is 1.00; a good claims history may generate mods below 1.00 while a company with a history of claims may have a mod greater than 1.00. Preventing accidents in the workplace starts with evaluating your risks and exposures, training your employees and giving them the right tools to complete the work currently. These processes eventually lead to creating a successful return to work for your employees.
Is Workers Compensation Insurance required in Virginia?
Virginia law requires that most employers carry workers compensation insurance in order to cover their workers in the event of a work injury. Virginia law requires that an employer who regularly employs more than two part-time or fulltime employees and/or Sub-contractors carry Virginia workers compensation coverage.
Are you ready to Discover your Benefits? Complete the quote form and receive the best options for your business.
TJC Insurance, Discover your Benefits!