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Commercial Insurance in Virginia
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Virginia is home to over 760,000 small businesses that employ more than 1.6 million people. If you are one of the business owners in the Old Dominion, you may wonder what you can do to protect yourself and your business. The answer to this question is to purchase commercial insurance. For those who already have their business or those who are planning to start one, Parr Insurance Services, an insurance agency serving clients in Central Virginia and beyond, has prepared a list of things you should know about business insurance in this state:
ALL YOU NEED TO KNOW ABOUT COMMERCIAL INSURANCE IN VIRGINIA
- In general, commercial insurance is not mandatory in the Old Dominion. However, if you have two or more employees, you must carry workers' compensation. The purpose of the workers' compensation policy is to protect employees and cover their medical bills and lost wages if an employee is injured at work.
- There are different types of commercial insurance available, including general liability coverage, commercial property insurance, home-based business insurance, Virginia business owners' policy, business interruption insurance, commercial auto insurance, professional liability insurance, and cyber liability insurance.
- The cost of commercial insurance depends on several factors, including: the location of your business, the number of employees, your annual gross sales, the deductibles and policy limits, the length of time you have been in this business, and the industry.
PARR INSURANCE SERVICES - LET US HELP YOU FIND INSURANCE YOU DESERVE
Whether you are just starting your business, or you have been in business for a while, Parr Insurance Services will help you find a perfect policy. We will take into consideration all the factors and suggest to you a policy addressing your needs and requirements. If you want to have more information or discuss other options, you can always give us a call - our agents are ready to assist you.