The Allen Thomas Group Independent Insurance Agency

Call Now or Get A Quote

Virginia Contractor Insurance

Get Precise Insurance Coverage For Your Virginia Contracting Business

It Just Takes A Few Clicks

Or Give Us A Call At (440) 826-3676

Cheap Virginia Contractor Insurance

Understanding Contractor Insurance in Virginia

Cheap Virginia Contractor Insurance

Does Virginia require contractors to be insured?

Do small business owners need insurance?

Is your business owner’s policy enough to secure your business and reputation?

What risks come with skimping on coverage?

These questions underscore how crucial insurance policies are for incorporating contractors aiming to work legally in Virginia’s diverse construction industry.

Insurance may be the critical component in your risk management that you are ignoring thus far.

Between complex licensing rules, stringent municipal requirements to pull permits, and high injury rates, operating without sufficient business insurance in Virginia leaves too much on the table – lost contracts, lawsuits, and insolvency if something untoward happens.

General contractors in Virginia should focus on finding an answer to the question: Who can help clarify state licensing rules and provide customized, budget-friendly insurance policies that check every compliance box?

Only a contractor insurance expert can help you navigate the licensing and insurance complexities and find the right coverage out there!

Looking for a quick quote to protect your business?

Get a quote now by clicking on the link below!

Easy Process
Customized Solutions
Right Price

Table of Contents

Getting The Right Coverage

Types of Insurance Required for Virginia Contractors

Here are different types of insurance options for contractors to protect your Virginia business. 

All licensed Virginia general contractors must carry adequate general liability protection.

Virginia general contractor insurance provides adequate coverage for your business, covering critical legal defense and damage claim expenses should clients sue you for property damage, bodily injury, or advertising issues.

Most residential remodelers need at least $50k per occurrence and $100k aggregate, with higher minimums for commercial builders.

Bundling business liability insurance with other forms of small business insurance for general contractors as a package helps offset total policy costs through multi-line discounts. 

General liability insurance does not cover financial harm from mistakes or negligence in the construction business other than bodily injury and property damage.

Therefore, you need separate errors & omissions (E&O) insurance to fill this critical gap, helping protect your business.

This insurance helps cover liability claims from design defects, faulty work, and unintended professional mistakes that could otherwise quickly bankrupt contractors through expensive lawsuits or project overruns.

Virginia mandates commercial auto insurance for all contractor-owned vehicles driven regularly for business purposes.

Upgrading personal policies to commercial-grade protection provides coverage for your business vehicles, protecting against damage to business vehicles and trailers, rental fees, and, most importantly – lawsuit liability if accidents occur while transporting tools or crews. 

The lack of an approved commercial vehicle policy can put your Virginia general contractor license and assets at tremendous risk.

Home builders, remodelers, and commercial site contractors all need tailored builder risk policies when breaking ground on new residential or multifamily projects in Virginia.

Builder’s risk insurance protects your business in Virginia against financial losses in the event of damage to permanent or temporary structures before completion – covering common mishaps like collapsed scaffolding, storms, and material theft that could otherwise devastate budgets and timelines.

The average contractor invests thousands in vital equipment and tools vulnerable to theft and damage on changing job sites.

While general liability policies may offer basic protection, equipment insurance or inland marine insurance provides enhanced coverage against loss/damage risks operators face while transporting assets daily. 

Contractors in Virginia must get tools & equipment coverage to continue working unhindered.

Any contractor operating in Virginia must carry workers comp insurance if they have more than three employees to protect your small business.

This commercial insurance protects you in the event of a worker injury. It pays for medical bills/lost income of workers from job-related illnesses or injuries.

With workplace injury claims in Virginia topping $244 million in 2020 – going without workers comp poses major legal and financial threats.

We ensure Virginia contractors have compliant workers comp policies meeting state statutes while controlling premium costs.

Virginia Contractor License Bond vs. Surety Bond   

Confusing terminology complicates an already complex regulatory environment.

License bonds vs surety bonds may sound interchangeable but represent distinct financial products contractors must secure legally operating in Virginia. 

License Bonds

Mandatory form of liability coverage tied specifically to contractor classification/license type filed with the state to work legally.

Protects clients by guaranteeing funds to finish work or correct issues should a contractor fail to deliver services fully.   

Surety Bonds: Broader consumer protection bonds guaranteeing contractors’ ability to fulfill duties across residential or commercial projects.

Virginia technically only demands license bonds, but job values, complexity, and client risk tolerance often dictate additional surety bonds.  

Surety bonds are mandatory for certain local building departments. They come in handy if the contractor fails to fulfill the contract.    

Main exemptions to contractor insurance requirements in Virginia

Sole proprietors/partnerships with no employees are exempt from needing workers’ compensation insurance. However, they still require general liability coverage to operate legally. 

Handymen doing minor repair/maintenance jobs under $1,000 in value may qualify for a handyman exemption, allowing them to forego licensing, bonding, and Virginia business insurance coverage requirements. However, most counties limit this.

Agricultural buildings like barns or sheds built on farms may be exempt from standard commercial contractor insurance minimums. However, any employee injuries still require workers’ compensation per Virginia law.

Government contractors directly employed by municipal agencies or public institutions may be exempt, as the government entity itself provides policies.

However, independent contractors still have insurance needs.

Owner-builders doing construction work on their residences or properties may be exempt, as no client coverage warrants exist. 

However, independent subcontractors hired would still require standard policies.

Specific specialty technicians like drillers, well-system providers, and elevator mechanics have unique insurance exemptions tied to respective regulatory boards and statutes.

In general, clear-cut exemptions are rare in the contractors’ insurance landscape.

The complex web of licensing, consumer protections, municipal statutes, and liability precedents makes operating without appropriate insurance inadvisable for even small contracting ventures. 

Navigating ambiguous rules or counting on exemptions as guaranteed protection poses a tremendous financial risk.

Trust our insurance carriers so you can get the minimum insurance needs covered and get the coverage you need.

Let us help you get the coverage as a safety net for your business. Complete your formalities to get a certificate of insurance for your general contracting business.

Cheap Virginia Contractor Insurance
Stress-free Solutions

Is Commercial Property Insurance necessary for Virginia contractors?

Property coverage is like a vital shield to protect your business property from physical damage or loss.

While commonly associated with homeowners insurance, business property coverage is an essential form of general contractor insurance to cover damage, theft, and liability exposures for business equipment, job sites, and inventory.

Perils in coastal regions like flooding require enhanced protection beyond basic policies.

Ensuring adequate insurance coverage for tools, materials, temporary structures, and other contractor property prevents small disasters from shutting operations. 

Insurance Solutions Customized For You Contractors

Yes, Getting A Certificate Of Insurance Is Really That Easy

We know how frustrating and complex the process of finding the right insurance can be and how it slow down your ability to take care of your customers especially when you are waiting for bonds or a Certificate of Insurance (COI).

Let us help fix it for you.

Step 1: Assess

Tell us about your specific needs and we will find the right policy for you.

Step 2: Review

Review the results of our search.

Step 3: Service

We will walk you through your new policy step by step.

Get Precise Coverage For Your Business In Minutes

It Just Takes A Few Clicks

Our happy customers

We’ve helped thousands of Virginia Businesses Like You

Our Carrier Partners

WE HAVE PERSONAL CONTACTS WITH THESE TRUSTED A-RATED INSURANCE COMPANIES

That allows us to find the best rates for your construction business

Get General Contractors Business Insurance Coverage From The Allen Thomas Group

As an independent insurance agency, we boast an expansive provider network that allows crafting tailored packages to meet business insurance needs, whether building along the Blue Ridge Mountains or Tidewater region.

We leverage top-rated insurance partners to bundle general liability, commercial auto, workers comp, and more while saving money over separate policies.

 Just as important – we provide superior claims support in worst-case situations. 

The Allen Thomas Group offers budget-friendly insurance, licensing guidance, and year-round support so contractors can focus on building Virginia up. Contact us today to receive your free insurance quote and get the best coverage.

Our commercial insurance agents in Virginia Beach are happy to explain key differences and connect you with reputable bond issuers delivering the needed protections with their contractor’s license in Virginia or construction projects.

General Contractor Insurance FAQs

Get More Insights On Making The Right Insurance Decision For Your Company

Predicting the cost of business insurance is tricky, as various factors like your specialty, business size, and chosen coverage levels play a role.

However, expect to pay an average of $64 monthly for general liability, $306 for workers’ comp (3+ employees), and $183 for commercial auto insurance.

Don’t hesitate to get personalized quotes from reputable Virginia insurance agencies like The Allen Thomas Group for accurate pricing based on your unique needs.

Remember, these are just averages, and individual costs can vary significantly, depending on how much insurance is required.

Not generally, but it is important to get insurance to protect your business.

Virginia doesn’t require insurance for all contractors. However, certain localities or specific projects may require general liability insurance for permits. 

While you are not required to obtain a Virginia liability insurance, licensed insurance contractors ensure they get it as this insurance helps protect themselves and their clients from unexpected property damage or injury claims.

Virginia residents need two types of liability coverage on their insurance policy:

Property damage: Protects your assets if you cause damage to someone else’s property (e.g., car accident).
Bodily injury: Covers medical expenses and lost wages if you accidentally injure someone.

These protect you from financial responsibility in case of covered accidents.

Workers’ Compensation is required for a contracting business in Virginia state with more than three employees, including subcontractors.

This covers medical expenses and lost wages for work-related injuries or illnesses.

Yes, Virginia requires most contractors to have a license based on the type and value of their work. Check the Virginia Department of Professional and Occupational Regulation for details and specific license requirements.

 Virginia Department of Professional and Occupational Regulation: https://www.dpor.virginia.gov/node/6

Virginia Workers’ Compensation Commission: https://workcomp.virginia.gov/content/insurance-department

We Provide Coverage Options For All Trades Listed Below

  • Flooring Contractors
  • General Contractor
  • HVAC Contractor
  • Handyman Services
  • Home Renovation and Remodeling
  • Landscaper
  • Masonry
  • Painter
  • Paving Contractor
  • Plumber
  • Roofing Contractor
  • Sheet Metal Contractor
  • Snow Plowing
  • Steel Erection
  • Utility Contractor

Virginia Cities We Serve

Abingdon

Alexandria

Annandale

Aquia Harbour

Arlington

Ashburn

Ashland

Bailey’s Crossroads

Bedford

Belle Haven

Bellwood

Belmont

Bensley

Big Stone Gap

Blacksburg

Bon Air

Brambleton

Brandermill

Bridgewater

Bristol

Broadlands

Buckhall

Buena Vista

Bull Run

Burke

Burke Centre

Carrollton

Cascades

Cave Spring

Centreville

Chamberlayne

Chantilly

Charlottesville

Cherry Hill

Chesapeake

Chester

Christiansburg

Collinsville

Colonial Heights

Countryside

Covington

Crosspointe

Crozet

Culpeper

Dale City

Danville

Dranesville

Dumbarton

Dumfries

Dunn Loring

East Highland Park

Emporia

Ettrick

Fairfax

Fairfax Station

Fair Lakes

Fair Oaks

Falls Church

Farmville

Fishersville

Floris

Forest

Fort Belvoir

Fort Hunt

Franconia

Franklin

Franklin Farm

Fredericksburg

Front Royal

Gainesville

Galax

George Mason

Glen Allen

Gloucester Point

Great Falls

Greenbriar

Groveton

Hampton

Harrisonburg

Herndon

Highland Springs

Hollins

Hollymead

Hopewell

Huntington

Hybla Valley

Idylwood

Independent Hill

Innsbrook

Kings Park

Kings Park West

Kingstowne

Lake Barcroft

Lake Monticello

Lake of the Woods

Lake Ridge

Lakeside

Lansdowne

Laurel

Laurel Hill

Leesburg

Lexington

Lincolnia

Linton Hall

Long Branch

Lorton

Lowes Island

Lynchburg

Madison Heights

Manassas

Manassas Park

Manchester

Mantua

Marion

Martinsville

Marumsco

Massanetta Springs

McLean

McNair

Meadowbrook

Mechanicsville

Merrifield

Montclair

Montrose

Mount Vernon

Neabsco

New Baltimore

Newington

Newington Forest

Newport News

Norfolk

North Springfield

Oakton

Orange

Petersburg

Pimmit Hills

Poquoson

Portsmouth

Potomac Mills

Pulaski

Purcellville

Quantico Base

Radford

Reston

Richlands

Richmond

Roanoke

Rockwood

Rose Hill

Salem

Sandston

Seven Corners

Short Pump

Smithfield

South Boston

South Riding

South Run

Springfield

Staunton

Sterling

Stone Ridge

Strasburg

Stuarts Draft

Sudley

Suffolk

Sugarland Run

Timberlake

Triangle

Tuckahoe

Tysons

Vienna

Vinton

Virginia Beach

Wakefield

Warrenton

Waynesboro

West Falls Church

West Springfield

Williamsburg

Winchester

Wolf Trap

Woodburn

Woodlake

Woodlawn

Woodstock

Wyndham

Wytheville

Yorkshire