Virginia Workers' Comp Regulations. Virginia Worker' Compensation Commission 1000 DMV Drive Richmond, VA 23220 877-664-2566. Please check with your human resource officer for employer-specific policies on sick and medical leave. The mininimum limits for employers liabilty coverage under a workers' comp policy in VA is $100,000/$500,000,$100,000. Under Kentucky law, corporate officers are automatically covered under the Workers’ Compensation Act of Kentucky, unless they elect not to be covered. Coverage (tax liability) is determined by the number of workers employed, the duration and nature of services performed, and the amount of wages paid for services in employment. You may make significantly more than that. Of course, you may not want to use the minimum. The maximum payroll is $125,000. § 65.2-101. Below are answers to some of the most frequently asked questions received from workers. Workers Compensation : General Liability The state of Arizona provides a free online tool for verifying workers' compensation insurance coverage. You must use a minimum payroll amount of $34,320 for the purposes of calculating both your premiums and your eventual benefits in the event that you get hurt. State Required Minimum Annual Payrolls for Individuals & Partners– GL & WC . Officers and LLC Members not excluded on a workers comp policy must use a $26,000 minimum payroll and a $104,000 maximum payroll for the purpose of calculating work comp insurance premium. Corporate Officers who are not excluded from coverage must utilize a minimum payroll of $57,200 and a maximum of $228,800 in order to calculate the cost of workers' comp insurance. Cannot be included on a workers’ compensation policy unless they file form DWC 251 Election of Coverage with the state Division of Workers’ Compensation (“DWC”). As used in this title: "Average weekly wage" means: 1. a. Payroll can be a little fuzzy for small business owners, but New Jersey law has a solution. LLC Managers are treated the same as Corporate Officers. Arizona Workers' Compensation Verification. For the current minimums and maximums, see Part 3, Section V, Rule 1, Subrules j – m and p of the California Workers' Compensation Uniform Statistical Reporting Plan—1995 . Virginia Workers Compensation Minimum Limits. Can go back to being excluded by filing form DWC 251-R with the DWC . 4 20 Q: Does Virginia offer a workers’ compensation insurance discount for a workplace safety program? Definitions. For example, suppose a workers compensation law specifies a minimum annual payroll of $52,000 for each executive officer. Corporation – Payroll Officer Minimum $46,800 : … (accurate as of April 1, 2017) If an officer elects to be excluded from the Workers’ Compensation Act, KEMI requires a signed and stamped copy of the filed Form 4 with the Department of Workers’ Claims. Exclusions in payroll for Workers Compensation insurance: Tips and other gratuities received by employees Payments by an employer: (1) to group insurance or pension plans and (2) into third-party pension trusts for the Davis-Bacon Actor or similar wage law (pension trust must be qualified under IRC Sections 401(a) and 501(a) If an officer earns less than $52,000, the insurer will calculate a premium for that officer based on a payroll of $52,000. When the above individuals are subject to workers' compensation coverage, the annual payroll used for premium computation is subject to minimum and maximum limitations. Many workers are asking for guidance on how to navigate this public health crisis as they work to keep their families both healthy and financially stable.