Commercial Insurance in Virginia
Virginia is a great state for having a small business. Owning your own company is exciting and rewarding, but there are also many challenges and responsibilities. In order to keep your business thriving and growing, you must make important decisions and take calculated risks every day. One of the best ways to protect your company from such risks is to get commercial insurance. Since choosing the right commercial policy is a complicated process, Cary-Wheeler & Associates Inc. serving Richmond, VA prepared the list of things you need to take into consideration when shopping for business insurance in the Old Dominion State:
Things To Know and Consider
- Workers' Compensation. If your company has three or more employees (both full-time and part-time), it is required to have workers' compensation insurance. This type of insurance protects employees in case of an injury on the job or illness.
- Commercial Liability Insurance. This type of insurance covering property damage, personal injury, bodily injury, and medical bills are not required in VA. However, depending on the type of business you have and the risks you face, it is highly recommended to carry it.
- Commercial Auto Insurance. This type of insurance is not mandatory in Virginia. However, if you use a personal vehicle for work purposes, it should be covered by hired and non-owned auto insurance.
- Commercial Umbrella. If you have exhausted your commercial liability insurance and reached the limit on one of your policies, it is worth considering the second layer of coverage - commercial umbrella insurance.
Choosing The Insurance Agency You Can Trust
If you are a business owner from Richmond, VA or any other surrounding town looking for commercial insurance, the agents from Cary-Wheeler & Associates Inc. are ready to assist you. Whether you already know what type of plan you need, or you have just started searching, do not hesitate to contact us to get answers to all your questions.