General liability covers common risks for small businesses in Virginia, including customer property damage and injuries. Commercial leases often require this policy.
E&O is also called professional liability insurance. It protects professionals against lawsuits over mistakes, missed deadlines, and oversights.
This policy protects Virginia small businesses against data breaches and cyberattacks that affect your business or a client.
This policy bundles property insurance and general liability insurance. It's often the most cost-effective commercial policy for a Virginia small business.
Workers’ compensation insurance is required for Virginia small businesses that have three or more employees. It can cover medical costs for work injuries.
This policy is required for vehicles owned by Virginia small businesses. It covers injuries and property damage in an accident, along with other types of damage.
Virginia state law requires businesses with three or more regular employees, full-time or part-time, to carry workers’ compensation insurance. This policy covers medical bills for work injuries and illnesses.
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.
The financial responsibility requirement in Virginia can be met by purchasing auto insurance, paying an uninsured motor vehicle fee, or obtaining a surety bond.
If you purchase insurance, the state imposes coverage minimums. Virginia's minimum requirements for auto liability insurance are:
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance, as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy.
Commercial insurance can be affordable for a small Virginia company. Factors that influence the cost include:
Our agents are experts in insurance for Virginia technology businesses. They can help you find policies that fit your company and fulfill state requirements. TechInsurance insurance agents, agencies, and brokers are licensed by the Virginia State Corporation Commission's Bureau of Insurance.
TechInsurance 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.