Business Insurance in Herndon, VA

Experts break down business insurance costs, coverage, companies, and more in Herndon, VA.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Coworkers working together at the office looking at documents on a tablet. Experts break down Herndon, VA business insurance costs, coverage, companies, and more.

Herndon, VA, embodies the best of both worlds: small-town charm with proximity to a major metropolitan area, Washington, DC.

The town of Herndon has come a long way since it was first incorporated in 1879. Today it is home to over 1,074 businesses and various industries, including professional services, construction, and hospitality.

If you own a business of any size in Herndon, you must protect your assets with business insurance. An independent insurance agent can help you compare business insurance quotes in Herndon, VA.

How Much Does Business Insurance Cost Herndon, VA?

Business insurance costs in Herndon, VA vary across businesses and industries. In general, your insurance costs will vary depending on the size of your business, the number of employees you have, the amount and value of your commercial property, the location of your business, and a variety of other variables.

Depending on your business's risk, you’ll pay more or less than average for your insurance coverage. Some companies might be more susceptible to property losses from natural disasters, severe weather, or crime because of their location.

In Virginia, there have been 69 federally declared disasters since 1953. And even everyday events can easily cause unexpected property damage. The leading causes of property losses in Virginia are as follows:

  • Severe storms and lightning
  • Flooding and water damage
  • Hurricanes and tropical storms
  • Fires
  • Burglary and other property crimes

A local independent insurance agent can help you assess all of the risks you face to understand your business insurance costs better.

Is Business Insurance Required in Herndon, VA?

Business insurance is a package of insurance policies covering your property and liability risks. Virginia law does not require most types of business insurance. But if your business owns any vehicles, you must buy commercial auto insurance that complies with the state’s minimum auto liability insurance requirements.

Business vehicle owners in Virginia must buy auto liability coverage up to the following minimum limits:

  • Bodily injury liability: $30,000 per person/$60,000 per accident
  • Property damage liability: $20,000 per accident

Bodily injury liability insurance covers you if you are at fault in an accident and someone other than yourself is injured. Property damage liability insurance covers damage to another person's vehicle or property in an accident that is your fault.

In addition, workers’ compensation insurance is mandatory for all Virginia businesses with more than two employees. The term "employee" refers to part-time, seasonal, and temporary workers, minors, trainees, immigrants, and working family members.

Workers' compensation insurance helps injured workers pay for the costs of medical care and lost wages if they are injured on the job.

What Does Business Insurance Cover in Herndon, VA?

A typical business insurance package in Herndon, VA will include the following types of coverage:

  • Commercial general liability (CGL) insurance: Protects your business from lawsuits related to bodily injury and property damage claims. It pays for medical expenses, legal fees, and financial settlements or judgments. Your CGL policy even covers personal injury claims such as libel and slander.
  • Commercial property insurance: This covers damage to a building and its contents if damaged by a weather event, fire, theft, vandalism, and other covered perils.
  • Business interruption coverage: Protects your earnings and pays certain expenses if your business cannot operate because of damage after a fire, hail, wind, equipment breakdown, or another covered event. If you are forced to close for a while to make repairs or rebuild your business, this coverage pays for rent, employee salaries, lost income, relocation fees, and more.
  • Commercial auto insurance: Protects your business-owned cars and trucks from property damage and liability claims.
  • Workers’ compensation insurance: Pays for medical expenses and a portion of an employee's lost wages after a work-related injury.

Don't settle for cookie-cutter insurance for your Herndon, VA business. Your business insurance package may include additional policies that cover your unique risks.


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What Does Small Business Liability Insurance Cover in Herndon, VA?

One of the most critical components of any business insurance plan is business liability insurance. When you purchase a commercial general liability (CGL) policy, you gain protection from lawsuits and negligence claims. These types of lawsuits happen when your business is responsible for damage or injuries to third parties.

Even if the claims against you are unfounded, you still have to defend yourself, and any legal defense can be costly. But with a CGL policy, you can recover. It will reimburse you for court costs, attorney fees, and even any settlements or judgments that you are required to pay to an injured party.

CGL policies cover a lot, but not everything. Certain types of liability claims are expressly excluded from general liability coverage. Fortunately, there are several additional types of small business liability policies available. And in some cases, you can add the additional coverage you need to your CGL policy with an endorsement.

Ask your local independent insurance agent about employment practices liability insurance, environmental liability insurance, cyber liability insurance, and professional liability insurance. You might need more specialized coverage than you realize.

How Can I Find Small Business Health Insurance Plans in Herndon, VA?

Most employers choose to offer an employee benefits plan because programs like health insurance, life insurance, disability insurance, and other benefits help attract and retain good employees. While employee benefits are often complex and expensive, they are necessary to keep employees healthy and satisfied.

And employers who offer small business health insurance plans may also be eligible for significant tax benefits.

There are many different small business health insurance plans in Herndon, VA. A local independent agent can help you find an affordable small business health insurance plan that meets your needs.

What Are the Best Small Business Insurance Companies in Herndon, VA?

Finding the best small business insurance companies in Virginia can be simple. A local independent insurance agent can help you get business insurance quotes from multiple insurance companies so that you can select the best policy for your needs and budget.

How Can an Independent Insurance Agent Help Me Find the Best Business Insurance in Herndon, VA?

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of business insurance quotes in Herndon, VA, to help you make the best choice.  

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Contact an agent today for a free, no-obligation consultation.

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