Financial Services

The Finance Department is responsible for all financial transactions of the Commission including revenue collection, budget administration and purchasing.

eVa (Virginia Procurement site)

Assessments

An annual assessment on workers' compensation premiums collected by insurance companies and on a calculated premium for self-insured employers based upon payroll is the Commission’s primary source of revenue. For instruction on how to submit tax payments electronically via ACH, please e-mail VWCTax@workcomp.virginia.gov.

The Assessment rates for 2025 are 2.50% for the Administrative Fund and 0.15% for the Uninsured Employer's Fund for a total assessment rate of 2.65%.

The Assessment rates for 2024 were 2.50% for the Administrative Fund and 0.05% for the Uninsured Employer's Fund for a total assessment rate of 2.55%.

How to Make Payments

The Virginia Workers’ Compensation Commission (VWC) accepts payments via check or electronically, via Automated Clearing House (ACH).

Checks should be made to the Treasurer of Virginia and mailed to the VWC Financial Services Department at 333. E. Franklin Street, Richmond, VA 23219.

For payment via ACH, please email FSDACH@workcomp.virginia.gov for detailed instructions.