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Virginia has been recognized as America’s top state for business in 2024. Data shows that 818k small businesses are operational in Virginia right now. In other words, the Mother of Presidents has over 99% of businesses as small businesses, mostly run by solopreneurs. That’s why a lot of these self-employed bosses (who happen to be the only employees in their companies) require business insurance. It keeps them safe when faced with lawsuits or pending charges.
This blog will cover 8 amazing business insurance firms for you in the Old Dominion. You’ll learn which firms are giving you access to quality insurance packages relevant to your business. Also, you will see the correct way to sustain your business. Do compare these different companies and then choose the most reliable providers for your insurance needs in this amazing state.
InsuranceBee
InsuranceBee specializes in affordable small business insurance, making it easy for entrepreneurs like caregivers and real estate professionals to get covered. Their straightforward online quote system and expert advisory services ensure businesses can confidently secure the right protection to grow without worry.
Tivly
Tivly connects businesses with over 200 insurance providers through its digital marketplace. Offering coverage like workers’ compensation, business owner policies (BOP), and professional liability insurance, Tivly serves various industries, including Virginia startups. Businesses can quickly access free quotes and benefit from exceptional customer service.
Thimble
Thimble provides flexible, on-demand insurance tailored for freelancers and small businesses. With options like event insurance, liability coverage, and cybersecurity protection, Thimble serves industries such as landscaping, photography, and event planning in Virginia. Policies can be purchased hourly or monthly for maximum convenience.
Hiscox
Hiscox is a respected insurance company with roots dating back to the early 1900s. This Anglo-Bermudian firm has been serving U.S. clients for over 40 years, with offices in seven cities, including Miami, Florida, and Atlanta, Georgia. Hiscox offers a variety of coverage options, such as errors and omissions insurance, cybersecurity protection, and business owner policies, catering to small businesses across industries.
NEXT Insurance
NEXT Insurance supports over 500,000 clients nationwide with comprehensive coverage options for Virginia businesses. These include BOPs, auto liability, workers’ compensation, liquor liability, and tools & equipment coverage. NEXT specializes in serving over 1,000 trades and offers quick quotes and downloadable certificates of insurance through its user-friendly platform.
Foxquilt
With 5-star ratings, Foxquilt has been featured by Forbes and Business Insider. This company is very large, serving small businesses not only in the United States but also in Canada. They also cover different niches, such as counsellors, janitors, dog groomers, electricians, personal trainers, pet sitters, wayfair sellers, etc. Whether you need commercial property insurance, general liability insurance, workers’ compensation insurance, or something else, trust Foxquilt to accommodate your needs.
The Allen Thomas Group
Based in Akron, OH, ATFG can fulfill your needs for commercial insurance. It doesn’t only serve businesses in Virginia Beach but also startups throughout the Old Dominion. This group has 2 decades of experience in this field, providing ample business coverage to local startups. They have a very simple process in which they first assess your business, review the results of this research, and approve you for business insurance. They come with local market knowledge and also attend to your case with a personalized touch.
PolicySweet
At PolicySweet, you can get business insurance coverage in all 50 states and also in DC. They serve different local businesses in Virginia, such as barber shops, tea/coffee shops, bridal shops, clothing stores, furniture stores, landscapers, electricians, etc. You can get a quote online in a few minutes. Also, they have very flexible payment options. That’s why PolicySweet is one of the best firms for quick business insurance coverage.
Brief Overview of Leading Business Insurance Providers
The table below describes how the leading 8 Virginian insurance companies differ by product and unique selling features.
| Insurance Firm | Products | Unique Selling Features |
| InsuranceBee | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Liability, Workers’ Compensation | Tech-savvy, fast quotes and coverage for freelancers and small businesses |
| Tivly | General Liability, Professional Liability, Commercial Auto Insurance, Workers’ Compensation | Marketplace with access to 200+ insurance affiliates, quick coverage matching |
| Thimble | General Liability, Professional Liability, Business Owner’s Policy (BOP) | On-demand coverage (hourly, daily, monthly, yearly), instant Certificate of Insurance issuance |
| Hiscox | General Liability, Professional Liability (E&O), Business Owner’s Policy (BOP), Cyber Security Insurance | Tailored coverage for small businesses, streamlined online policy management |
| NEXT Insurance | General Liability, Professional Liability, Workers’ Compensation, Commercial Auto, Business Owner’s Policy (BOP) | Digital-first insurance management, quick policy purchase within 10 minutes |
| Foxquilt | Commercial General Liability (CGL), Commercial Property, Professional Liability (E&O), Cyber Insurance | Tailored policies, instant quotes and policy documents, flexible payment plans, accepts credit cards |
| Allen Thomas Group | General Liability, Commercial Property, Workers’ Compensation, Professional Liability, Cyber Liability | Customized insurance solutions to address unique needs, serve the Virginia Beach area, experienced agents |
| PolicySweet | Recommends getting a quote to find out specific costs. | Offers free, no-obligation quotes for business insurance, helps businesses find potential business insurance options |
Top Virginian Cities for Business Insurance
The following Virginian cities provide the required infrastructure support and economic environments suitable for finding business insurance solutions.
- Virginia Beach
- Chesapeake
- Arlington
- Norfolk
- Richmond
- Newport News
- Alexandria
- Hampton
- Roanoke
- Portsmouth
- Suffolk
- Lynchburg
- Centreville
- Dale City
- Leesburg
Virginia Government Resources for Business Insurance
You can get additional information about business insurance requirements in Virginia through these government resources.
- Virginia Business One Stop
- US Small Business Administration | Virginia
- Virginia’s SCC Bureau of Insurance
- Essex County Business
- Loudoun County Business
- Virginia Business Resource Center | The HIVE
Conclusion
Have you read the Virginia Handbook for Success? Issued by the state government, this unique handbook covers different programs, funding options, support organizations, and other guides for local small businesses. But Sophisticated Investor covers this information for all 50 states. At our website, you can find out how to get insurance coverage in Kansas and insurance providers in Louisiana as well. Also, you can read all about Virginia’s top 7 business loan & startup financing companies on our website. Please visit Sophisticated Investor for the latest insights on protecting and growing your business.
Brandi is a financial writer and entrepreneur with decades of expertise covering U.S. business and financial topics. Her work has been featured on Consumer Affairs, ASBN Small Business Network, Koho and many other top financial publications.
