Workers Compensation insurance helps to mitigate certain risks associated with running a business, specifically the risks involved with having employees. Should an employee be injured while at work, this coverage ensures that they will be compensated for their injury. All losses directly associated with the injury, including medical bills and missed work, can be included in this coverage. Without this safety net, employees can sue their employers for compensation. Essentially, Workers Compensation in Virginia guarantees that neither you, the business owner, nor any employee is financially responsible for workplace injuries.