Every state has its own laws about which types of insurance their small businesses must have. In Virginia, there is only one type that is required by the state. However, there are many other types of commercial insurance that are often recommended for small businesses in the state. If you need insurance for your business, call us at Parr Insurance Services in Lynchburg, VA.

Workers’ Compensation

The only kind of commercial insurance policy that the state requires is workers’ compensation, and even that isn’t required for all businesses. If your business has two or more employees, you are required to have this type of insurance for your employees. It 

Cyber Insurance

Cyber insurance isn’t required, but it can be a highly useful type of insurance for many businesses. If there were to be a problem such as a data breach, many small businesses can’t afford to mitigate the situation and to continue on. With cyber insurance, this is made easier for the business. Companies that rely on their computer systems may be perfect for cyber insurance coverage. 

Business-Owners’ Policy

There are several types of coverage that are all contained in a business-owner policy. This insurance type often includes commercial property coverage, general liability insurance, and business income coverage. There are often other options that can be added to this policy as needed by your specific business. These coverage types can be extremely helpful against a number of different accidents and situations. 

Get Your Commercial Insurance

When you have a business in Virginia, it’s important to take the right steps toward protecting it against a number of dangers. In addition to getting workers’ compensation insurance, you can talk to an insurance agent about which other policies might serve your specific business. To find out more, call us today at Parr Insurance Services in Lynchburg, VA.