Virginia Workers Compensation Form
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What is the compensation law in Virginia?
The Virginia Workers' Compensation Act says businesses with two or more employees are required to carry workers' compensation insurance. This insurance helps employees recover from work-related injuries or illnesses. The Virginia Workers' Compensation Commission (VWC) oversees workers' comp in the Old Dominion state.
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How does workers comp work in Virginia?
If your doctor says you cannot work because of your work-related injury or illness, you may be entitled to compensation equaling 66 2/3% of your regular wages based upon earnings for the 52 weeks prior to your injury. This amount is subject to a statewide maximum reimbursement amount.
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What is the workers comp rate in Virginia?
Effective July 1, 2024 the maximum compensation rate will be $1410.00. Effective July 1, 2024 the minimum compensation rate will be $352.50. Effective October 1, 2024 the cost of living (COLA) rate will be 3.35%.
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How much does workers compensation pay in Virginia?
Recall that your compensation rate is two-thirds of your average weekly wage. If you calculate your compensation rate and it is higher than the maximum set for that year, you receive only the maximum rate even though it would be less than two-thirds of your average weekly wage. In 2023, the maximum rate was $1,343.00.
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How long does it take to get paid for workers comp in Virginia?
In Virginia, the worker's comp claims process may take several months, including negotiations for a settlement. When the parties have agreed on a settlement, it may take another month or so for the claimant to get the money. Here's a general guide on when to expect your workers' comp settlement check.
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How long does it take to get paid for workers comp in Virginia?
In Virginia, the worker's comp claims process may take several months, including negotiations for a settlement. When the parties have agreed on a settlement, it may take another month or so for the claimant to get the money. Here's a general guide on when to expect your workers' comp settlement check.
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What is the average workers comp settlement in Virginia?
Chart of Workers' Comp Amounts by Injured Body Part Injured Body PartAverage Medical CostAverage Total Cost Arm or shoulder $26,088 $49,116 Lower back $17,486 $37,966 Upper back $17,799 $36,754 Knee $18,293 $34,93211 more rows
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What is the highest paid workers comp settlement?
1. $13.2 million workers comp settlement for ironworker struck by a car (California) Wanting a better life for his family, 30-year-old San Diego resident Rafael Pineda agreed to relocate more than 200 miles away from his wife and three kids to work as an ironworker for an industrial project in Long Beach.
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