71. For Virginia employers with three employees or more, workers compensation insurance is
Answer: A
Workers compensation insurance is mandatory for Virginia employers with three employees or more.
In Virginia, employers with three or more employees are required to carry workers compensation insurance to provide coverage for workplace injuries and illnesses.
A) Mandatory
This option is correct because Virginia law stipulates that employers with three or more employees must obtain workers compensation insurance. This requirement is in place to ensure that employees are protected in case of work-related injuries.
B) Voluntary
This option is incorrect as it suggests that employers can choose whether or not to carry workers compensation insurance. In reality, for employers with the specified number of employees, it is a legal obligation to provide this coverage.
C) Self-insured
While some employers may opt to self-insure, this option is not universally applicable to all employers with three or more employees. Self-insurance is a specific choice that requires approval and is not the standard requirement set forth by Virginia law.
D) Provided by the state
This option is misleading because while the state regulates workers compensation insurance, it does not provide the insurance itself. Employers must secure coverage through private insurers or through self-insurance if they meet the criteria.
Conclusion
The requirement for Virginia employers with three or more employees to have mandatory workers compensation insurance is clear and legally enforced. All other options misrepresent the legal obligations of employers regarding coverage for workplace injuries, reinforcing that A is the only accurate choice.