Virginia Business Insurance
Commercial coverage for Virginia contractors, restaurants, property owners, truckers and professional firms. One licensed agency comparing many insurance companies.
Commercial coverage for Virginia contractors, restaurants, property owners, truckers and professional firms. One licensed agency comparing many insurance companies.
Workers compensation is the main policy state law requires. Once you regularly employ more than two people in Virginia, part-time or full-time, you need it. The count is broad: corporate officers and LLC managers count even if they don't do regular work, and so do family members who work in the business and temporary or seasonal help.
The subcontractor rule catches contractors. If you hire subcontractors to do the same trade or to fulfill one of your contracts, their employees count toward your total. A contractor with two employees who hires a sub with its own crew can cross the line without realizing it.
Business vehicles need at least the state auto minimums of 50/100/25. Trucks hauling for hire across state lines also need federal filings and higher federal limits.
Everything else (general liability, property, professional liability, cyber and umbrella) is required by the people you do business with rather than by the state.
Coastal flooding. The state's coastal resilience framework says coastal Virginia has some of the highest rates of relative sea level rise in the United States, and reports that recurrent flooding there rose from 1.7 days a year in 1960 to 7.3 days a year in 2014. Commercial property policies don't cover flood, and federal flood insurance stops at $500,000 for the building and $500,000 for contents, so larger properties need excess flood.
Storms far from the coast. The Bureau of Insurance points out that hurricanes damage property hundreds of miles inland, with Helene as a recent example. Wind and named storm deductibles on commercial policies are often a percentage of the building's value. On a $2 million building, a 5% deductible is $100,000.
Contracts that move risk to you. Government contracts, general contractors, landlords and shippers write insurance requirements into their contracts: additional insured status, waivers of subrogation, specific limits. A policy that doesn't match the contract can cost you the job.
Injury and property damage claims from customers and the public. A BOP packages liability with property for small businesses.
Your building, equipment and inventory, including wind, named storm and ordinance-or-law coverage.
Required at 3 or more employees. We also handle the year-end audit questions and the subcontractor certificates that keep your count clean.
Business vehicles, fleets, motor carriers, cargo and federal filings.
For accountants, consultants, real estate and other professional firms.
Higher limits above general liability, auto and employer's liability.
Sizemore Insurance is licensed in Virginia. We don't have an office in the state. We serve Virginia businesses by phone and online from our North Carolina offices.
Main number: (910) 791-1011
Workers compensation is required once you regularly employ more than two people, and business vehicles need at least the state auto minimums. Other coverage isn't required by state law, but landlords, lenders and clients usually require it in their contracts.
More than two, so three or more, counting part-time workers. Corporate officers, LLC managers and working family members count, and so can your subcontractors' employees.
The Commission can assess a civil penalty of up to $250 for each day uninsured, up to $50,000 plus costs. You're also liable for an injured worker's benefits, and continued noncompliance can lead to criminal prosecution.
No. Flood needs its own policy, through the NFIP or a private flood market, and larger buildings usually need excess flood above the federal limits.
No. We're licensed in Virginia and handle quotes, certificates, audits and claims help by phone and online.
Every client works with a licensed Sizemore advisor. We compare more than 100 insurance companies and recommend the one that fits. Request a quote online in about two minutes, or call us at (910) 791-1011, Monday through Friday, 8:00 AM to 5:00 PM.