2017 VWC Annual Report

Virginia’s low-cost workers’ compensation system is known to create economic advantages in promoting business and job growth. An important long-standing characteristic of Virginia’s workers’ compensation system is its leadership in low cost. A leading national comparison of workers’ compensation systems is the Oregon Workers’ Compensation Premium Rate Ranking Study. This study has been completed in even-numbered years since 1986. In 2016, Virginia was ranked 47 out of 51 jurisdictions in terms of premium rate ranking. Virginia employers in the voluntary market pay, on average, $1.24 per $100 of employee payroll, or 67% below the median state rate. INDUSTRY Update

*Figures based on Workers’ Compensation Premium Per $100 Payroll Indexed

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