Updated August 2026
Virginia Business Insurance Requirements 2026: Complete Legal Guide
Every Virginia business must meet specific insurance requirements. Here is a complete guide to what is legally required — workers comp thresholds, auto minimums, contractor bonds, and non-compliance penalties.
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Virginia Business Insurance Requirements at a Glance
Workers' Comp Threshold
Construction: 2 employees; Other: 3 employees
Commercial Auto Minimums
$30,000/$60,000/$20,000
Contractor Bonds
DPOR licenses most contractors; Class A/B/C contractor licenses have varying bond requirements
Regulator
Virginia State Corporation Commission (SCC), Bureau of Insurance
Workers' Compensation in Virginia
Virginia requires WC for construction businesses with 2 or more employees, and 3 or more employees in all other industries.
Regulated by: Virginia State Corporation Commission (SCC), Bureau of Insurance
Non-Compliance Penalties
WC non-compliance: $250/day fine, personal liability for injury costs, potential criminal charges
Contractor Licensing & Bond Requirements
DPOR licenses most contractors; Class A/B/C contractor licenses have varying bond requirements
State Insurance Regulator
Virginia State Corporation Commission (SCC), Bureau of Insurance
https://www.scc.virginia.gov/pages/Insurance
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