A general liability policy covers common third-party risks, and it's required by most commercial leases. This type of business liability insurance is important for all Virginia businesses.
This policy, also called errors and omissions insurance (E&O), protects Virginia businesses that provide professional services or advice. It covers legal costs related to work performance.
This policy covers financial losses from data breaches and cyberattacks. It's recommended for Virginia businesses that handle credit card numbers and other sensitive data.
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for a Virginia business.
Workers’ comp insurance is required for Virginia businesses that have more than two employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance pays for medical care and other damages in accidents involving business-owned vehicles. It also covers vehicle theft, vandalism, and other types of damage.
State laws affect which business insurance coverage you need. These policies are required everywhere in Virginia, from Richmond to Virginia Beach.
This policy covers medical bills for work-related injuries and illnesses, and provides disability benefits to injured Virginia workers. Most policies include employer's liability insurance, which covers legal bills if an employee claims their injury was caused by the employer's negligence.
Commercial auto insurance covers the cost of accidents involving work vehicles.
Business vehicles in Virginia aren't required to carry this coverage. However, you must be able to prove you can meet the state's financial responsibility requirements in the event of an at-fault accident.
If you purchase insurance, the state imposes coverage minimums. Virginia's minimum requirements for auto liability insurance are:
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to commercial general liability insurance or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill Virginia's requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In Virginia, insurance agents, agencies, and brokers are licensed by the Virginia State Corporation Commission's Bureau of Insurance. Insureon is licensed in Virginia as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance and for surplus lines (license number 128394). You can verify our licensure with the Bureau of Insurance Agency Search by clicking on the "Agency" tab and entering our license number.