Virginia Business Insurance

Please enter a valid zip code.

Retrieve a quote

Speak with a licensed insurance agent: 1-866-283-7545

Call a licensed agent

Monday – Friday, 7am – 10pm ET M–F, 7a –10p ET

Liability Insurance for small business coverage in the Old Dominion State

Small businesses have a big impact in Virginia, where the Commonwealth's more than 795,000 small businesses make up 99.5% of all businesses.

Virginia's small businesses employ 1.6 million Virginians, or 46% of the Commonwealth's private workforce. As small businesses play a big role in the Virginia economy, it is wise for them to take steps to protect themselves with business insurance from claims and lawsuits.

Top insurance covered industries in Virginia

Virginia is home to a diverse array of small businesses that can find coverage with Hiscox, which offers custom-tailored insurance plans that address the risks and needs of each individual business. Small business owners in Virginia who most frequently insure with Hiscox include business consultants, personal trainers, operators of cleaning and gardening services, and photographers.

More professions we insure in Virginia

Virginia Small Business Insurance Coverage

To everyone living in the oldest colony in America, if you have a small business you’re in luck. In Virginia, we currently offer a range of small business insurance coverage customized to meet your business needs. Hiscox small business insurance products include:

Key Virginia laws and conditions driving increased business liability rates

Virginia's employee protection laws are somewhat more stringent than the baseline level of protection offered by federal labor laws. Federal law prohibits employers with more than 15 employees from discriminating against employees based on race, color, national origin, sex, pregnancy, religion, disability or genetic information, with protections against age discrimination also applied to businesses with more than 20 employees and against citizenship status applied to businesses with more than four employees. Virginia's law, however, applies to employers with more than five employees, and it protects against discrimination based on marital status as well.  

Like most states, Virginia is an "at-will" employment state, meaning that employers can fire employees at any time for any reason, but if an employee has a written employment contract promising job security (or even an implied contract based on statements in an employee handbook or oral promises), they can still sue for breach of contract. 

Virginia workers compensation laws and regulations

According to the National Federation of Independent Businesses, any Virginia business with two or more employees—including full- and part-time workers, seasonal and temporary workers, minors, trainees, immigrants and working family members—is required to carry workers compensation insurance. 

However, there are exceptions: Sole proprietors, partners, and LLC members in Virginia are not required to obtain coverage for themselves, but they may choose to cover themselves with their policy. Independent contractors are not automatically eligible for workers compensation coverage, but if two or more full- or part-time employees work for the independent contractor, those workers are eligible—so even a business with fewer than two employees should consider workers compensation insurance if it hires contract firms. 

Virginia businesses may obtain small business insurance through a commercial carrier, such as Hiscox, or they may apply to insure themselves. Employers applying to self-insure must provide audited financial statements and a run of all occurring claims from the last three years to the Virginia Workers' Compensation Commission. If the business is permitted to self-insure, it will typically need to provide security through a bond in the minimum amount of $750,000; most security amounts are considerably higher. Self-insuring businesses will also be required to pay an annual tax of up to 3.25% of the basic manual insurance premium. 

Any employer that fails to obtain workers compensation insurance will be subject to a civil penalty of up to $250 per day for each day uninsured, with a maximum penalty of $50,000.

How can Hiscox help your Virginia small business?

Hiscox never settles for one-size-fits-all insurance policies. Instead, our expertise across a variety of industries helps ensure that the insurance—from professional liability insurance to a business owner's policy to workers compensation and beyond—meets each business's needs. We offer a range of benefits:

  • Flexible payment options: Our monthly, quarterly, semi-annual or annual payment options, which come with no added fees, can help you manage your cash flow.
  • Tailored insurance: With Hiscox, you'll never pay for coverage that you don't need.
  • Claims responsiveness: When a covered claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
  • Worldwide coverage: A Virginia business insured through Hiscox is covered for work done anywhere in the world, as long as the claim is filed in the U.S., a U.S. Territory or Canada.

Get a fast, free quote now, and get the protection you need for your Virginia business. If you have questions, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET.

Hiscox Customer Reviews

Hiscox rated 4.7/5
Rated 4.7/5

5 Stars

Jason, Danville, VA

"Super easy. Good rate too."


5 Stars

Stephanie, Midlothian, VA

"Easy as 1 2 3"

"Easy to purchase and helpful, friendly customer service."


5 Stars

Boncel, Virginia Beach, Virginia

"I will tell everyone to use your service especially call for Ms Smith"

The young lady Kacherie was great very knowledgeable


5 Stars

Sandra, Virginia

"Hiscox makes the process easy! I had a potential new contract that bizarrely, required commercial general liability, despite me being a 1-person company, working in a secure home office, on a computer. I called 4 companies, recommended by colleagues. Hiscox was easiest to work with; the woman I got when I called, took all my information, made recommendations to suit my situation, so I signed up. The other insurance companies required me to complete long forms, with many (irrelevant to my situation) questions, then called me between a week and 2 weeks later, with policy estimates that were much more expensive and clearly intended to insure larger complex companies."


5 stars

Alice, Virginia

"Very impressed with the service. I was impressed with the efficiency of the person I spoke with, who understood my requirements and provided the policy that I needed."


See More Reviews

This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverage is subject to underwriting and may not be available in all states.

Administered by Hiscox Inc., a Delaware corporation that is a licensed insurance producer in all states and Washington, D.C. 5 Concourse Parkway, 21st Floor, Atlanta, GA 30328.