Virginia Insurance License: 128394

Virginia is pro-business, and it shows. The state cultivates a business-friendly climate, which is why more than 40 firms with annual revenue over $1 billion call Virginia home. Since 2001, manufacturing companies generated more than 72,000 new jobs and nearly $4 billion in capital investment. Virginia also boasts a low corporate income tax (6 percent) and an experienced, educated, and productive workforce. (Read more about Virginia's lucrative business environment on's page, "Pro-Business Climate.")

All economic signs indicate that Virginia is a haven for small-business owners. But to capitalize on the opportunities the state offers, you'll need a business continuity plan – one that accounts for property damage, business interruption, and liability lawsuits. Without adequate insurance, a single natural disaster or Professional Liability lawsuit could do enough financial damage to close your business for good. That's why Virginia-based companies that want to grow and keep thriving should carry small business insurance, such as General Liability, Property, Business Interruption, and Employment Practices Liability Insurance.

Dram Shop Laws in Virginia

Virginia is one of just a handful of states that do not have dram shop laws. That means if you own a bar, restaurant, or other business that sells or serves alcohol in Virginia, you are immune to liability claims such as property damage or injury caused by someone who became intoxicated at your establishment. Despite this, you may want to consider liquor liability insurance if you run a business that sells or serves alcohol. Though it’s likely you would win a lawsuit, this policy would help pay the cost of defending yourself in court.

Virginia Savings Tips

  • Although fairly far north, Virginia is still at a high risk for hurricane activity. If your business depends on functional facilities make sure that your Virginia business insurance policy includes business interruption insurance.
  • Consultants in Virginia are often asked to perform jobs in nearby Washington D.C. Check with your agent to determine if your Virginia business insurance policy covers you outside of the state – you might need additional coverage if it doesn't.
  • Don't forget that professional liability insurance is not typically included in a Virginia business insurance policy. This is a separate addendum which may be required by law. This is an especially important business insurance provision for consultants and lawyers.

Virginia Business Insurance Licensure Information

In Virginia, insurance agents, agencies and brokers are licensed by the Virginia SCC - Bureau of Insurance. Insureon is licensed in Virginia as BIN Insurance Holdings LLC (NPN 15752926) for Property & Casualty Insurance (License #128394) and for Surplus Lines (License #128394). You can verify our licensure with the Bureau of Insurance Agency Search by clicking on the "Agency" tab and entering our license number (128394) into the field marked "Virginia License Number."

Virginia Business Links

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