Small Business Insurance in Virginia

This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury. We offer tailored workers’ comp insurance in Virginia to suit your business.

Also known as commercial liability insurance, general liability insurance in Virginia is essential coverage. It covers damages and legal and medical costs associated with injury claims to customers and other people who aren’t your employees. A common example of an injury to a non-employee is a slip-and-fall accident at your business location. General liability insurance also covers damage to other people's property that was caused by your business. In addition, it covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance (for things like non-employee injuries and customer property damage) with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage, such as the use of a temporary location. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Also known as errors and omissions (E&O) insurance, this type of liability insurance in Virginia could protect you from the cost of damages and legal fees if someone claims your professional service caused financial harm to them or their business. Coverage includes both mistakes on the part of your business (errors) and the failure to perform a service (omissions). For example, if you’re a home inspector and you fail to complete a standard part of an inspection and the buyer suffers financial damages as a result, you may be covered if they sue you. You should consider professional liability insurance if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.

This type of business insurance in Virginia can be purchased as an add-on to a BOP, general liability, or professional liability policy. It helps cover costs related to system hacks or data security breaches in which sensitive information like credit card data has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.

When buying business insurance in Virginia, every insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection, as it can cover costs that exceed the limit of another biBerk liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.