Commercial Insurance

Business is a crucial source of livelihood in Virginia. Its owners offer employment to many people. So, in case of misfortune, people would be rendered jobless. Therefore, it is important to protect your business from financial loss in case of crises by securing a commercial insurance policy to manage risk.

Apart from voluntary commercial insurance covers, Virginia state law requires businesses with two or more employees, full-time or part-time, to acquire mandatory commercial insurance covers for their businesses. However, the technical jargons used by insurance companies are sometimes overly confusing to customers.

At Cannon and Associates Insurance we believe that the insurance you purchase should fit your needs perfectly in addition to the mandatory commercial insurance coverages required by Virginia state law. Our dedicated staff provides vital information that enables you to understand the technical words to design the coverages you need with ease. The following are some of the basic business insurance policies that we offer:

• Commercial general liability policy: Covers safeguards against property damage, bodily injuries, and injuries incurred when advertising.
• Commercial auto policy: This covers liability and physical for vehicles and large carriers used in your business. Most personal auto policies do not cover automobile used for business activities like transporting supplies or traveling from one job site to another.
• Workers compensation policy -This is mandatory in Virginia state. It covers the cost of treatment for workers who get hurt or sick while discharging their duties for you.
• BOP insurance policy -This is the business owner's policy. It combines property and liability coverage for ease of management. It is a suitable choice for micro and medium enterprises that hire or own a commercial property such as a storeroom, depot, or office rooms.
• Errors and Omissions insurance policy- This coverage claims due to speculation of professional misconduct and actual negligence. It also pays for mitigation costs. It is also referred to as personal liability insurance.
• Cyber liability insurance policy: This protects against incidences of a data breach and cyber-related crimes. It includes you and third-party protection for things such as ATM card information.

Besides the above basic commercial insurance covers, we work proudly with Nationwide to offer Virginia residents combined covers, tailored at Cannon and Associates Insurance to suit unique individual needs.

Cost of commercial insurance in Virginia

The price of commercial insurance in Virginia per annum depends on the following factors:

• Materials used to construct the insured property.
• Use of the premises by the occupants
• whether your building is protected with the fire hydrant or extinguishing system
• Risk exposure, among other factors.

Getting started

Have you safeguarded your business against unprecedented closure? If no, don't worry. Cannon and Associates Insurance offers excellent commercial insurance services to residents of Virginia and its environs. To know more about our commercial insurance products' advantages, visit us today, call or contact us via email. We are a solution to risk management for your investment.