West Virginia Business Insurance
Customized protection for your West Virginia business
Small businesses in West Virginia should consider carrying business insurance because it can help shoulder the financial burden of a claim against their livelihood. This can include an employee injury, a customer slip and fall, or a client claim of professional negligence.
There are over 113,000 small businesses in West Virginia that make up 99.8% of all businesses in the state, according to the U.S. Small Business Administration (SBA). The 270,000 people employed by these small businesses must be protected by their employer’s workers’ compensation policy.
Luckily, getting the right coverages for your business is simple with the Progressive Advantage® Business Program. Our insurance experts will help you create a customized policy if you need workers’ compensation, general liability, a business owners policy (BOP) or a combination of coverages.
Types of WV business insurance
How much does business insurance cost in West Virginia?
Many factors influence the cost of business insurance in West Virginia, including a business’s size, location and experience. For example, a business located in Huntington can expect a different cost than a business located in Charleston, or a business that’s been established for decades might pay less than one that’s only been in business for two years.
One of the most important factors is the type of work your business specializes in. Some businesses are exposed to more risk daily than others. For example, a general contractor who works with multiple subcontractors is exposed to more risk than a woodworker who works on their own.
West Virginia business insurance requirements
Businesses in West Virginia with three or more employees are required by state law to carry workers’ compensation insurance. Agricultural employers with less than five employees, employers of domestic services and churches are exempt from this requirement, but they can still choose to purchase a policy to protect their workers.
Visit the West Virginia Department of Labor website if you’re unsure whether you need workers’ comp for your business.
While workers’ compensation is the only business insurance required by law, carrying additional business coverages, like general liability, is something every business owner should consider. They can help minimize the financial stress that often comes with an incident involving their business.
Resources for West Virginia small business owners:
West 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 West Virginia cities
We can customize business insurance in all West Virginia cities, including, but not limited to: