Insuring your buildings and business contents is just a small part of property insurance. Don’t forget some other important coverages:

• Loss of business income and extra expense
• Property of others in your care
• Property in transit
• Property that might spoil
• Value of betterments or improvements to a rented building
• Special computer coverage on hardware, software and lost data

This important coverage protects and defends business owners against claims of bodily injury or property damage triggered by their negligence. This can include products they make and premises they own and/or operate. Umbrella/Excess liability limits are highly recommended in today’s litigious society.

Vehicles titled in a business name and/or used in a business capacity usually require a commercial auto policy. Don’t try to insure your business vehicle on a family or personal auto policy. If an accident occurs, coverage may be denied if the vehicle is used for business.

Virginia law requires businesses with three or more employees, including owners, to carry workers compensation coverage on the employees. Employers’ liability exposure is reduced when Workers Compensation is provided. This coverage pays medical expenses and partial wage continuation when an employee is injured on the job.

Business contents, equipment and tools that move from location to location need this coverage. Remember that most contents coverage is location-specific, so coverage for anything that goes off premises should be discussed with your agent.

Theft of money by holdup, burglary, employee dishonesty, or embezzlement are concerns of business owners. Insurance can protect against such losses. Don’t forget the legal requirement to carry an ERISA Bond on your pension plan. Call to learn more about this important coverage.

Doctors, lawyers, architects, engineers, accountants, veterinarians, barbers, beauticians, consultants, and many other professionals need this special coverage. Call us to learn more about this important insurance coverage.

Businesses and organizations that have directors and officers sometimes put those individuals at risk personally for liability suits. Directors and officers can be named individually in lawsuits. This special type of policy can defend and pay claims involving investment of funds, improper decision making or administrative actions.

Charges of sexual harassment, discrimination or wrongful termination of employees are a growing concern of business owners today. Insurance coverage is available to defend and pay judgements on these charges. This coverage usually requires a separate policy. Even if the employer is not guilty of the charges, defense costs average more than $40,000 to defend the case.

Contractors often need bid and performance bonds in order to compete for certain jobs. Estate executors, guardians, and those responsible for the care and assets of others are required by the courts to obtain surety bonds. We have Powers of Attorney on file with the local Circuit Courts and handle bonding needs of many types.

As an independent agency, we have many markets for difficult and hard-to-place insurance needs. We work with the top insurance brokers in the East to find coverage for special risks.