Virginia Business Insurance
Customized protection for your Virginia business
As a Virginia business owner, you should consider several types of business insurance to protect against a variety of accidents, including business property damage, professional mistakes and employee injury. These incidents can result in expensive legal fees and recovery costs that are difficult to overcome on your own.
There are over 766,800 small businesses in Virginia that account for 99.5% of all businesses in the state, according to the Small Business Administration. These small businesses collectively employ 1.6 million people and are required by Virginia state law to protect them with workers’ compensation insurance.
Shop for business insurance through the Progressive Advantage® Business program. Our licensed agents can help you customize a Virginia policy for general liability, cyber insurance, workers’ comp and more.
Types of VA business insurance
How much does business insurance cost in Virginia?
The cost of business insurance in Virginia depends on several factors, including your business’s coverage needs, size and location. For example, a business located near the coast in Virginia Beach can expect a different rate from a business located inland near Roanoke.
The most influential factor is your profession. Businesses are often rated on the exposures that are common to their industry. High-risk professionals, like roofers and general contractors, usually need a specialized coverage called excess and surplus (E&S), which is typically more expensive.
Learn more about the factors that affect your business insurance rate. You can also get a customized quote online to find out exactly what you’ll pay.
Virginia business insurance requirements
Virginia state law requires all businesses with more than two employees to carry workers’ compensation. The state offers several options for getting worker’s comp, which include applying for self-insurance or purchasing coverage through a private insurance carrier.
While you’re not legally required to carry other types of coverage in Virginia, you probably should. A general liability policy or a BOP can help pay for the unexpected costs that arise from work-related mishaps. Additionally, you’ll likely need these types of coverages before entering a contract with a client or landlord.
Resources for Virginia small business owners:
Virginia professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Why choose Progressive?
Business insurance for all Virginia cities
We can customize business insurance in all Virginia cities, including, but not limited to: