A lawsuit could mean a catastrophic loss to your business.  Therefore, it is important that you carry enough liability insurance to protect your business from financial loss because of injuries, deaths, or property damage caused by your products, business operations, or employees.  A liability policy generally will provide for your legal defense and will pay on your behalf if you are liable, up to the limits of your policy.

Many different types of liability policies are available.  Some of the major categories are explained below.

  • Commercial General Liability (CGL).  This policy provides many liability coverages under one contract.  Two common types of liability coverages are almost always written on this form.  Premises and Operations coverage pays bodily injury and property damage claims to members of the public as a result of an accident on your premises or arising out of your operations.  Products and Completed Operations covers liability arising from the handling, use of, existence of any condition in, or warranty of any goods or products manufactured, sold, handled or distributed by your business after the product is given to others and is away from the business premises.  It also provides coverage for claims occurring away from your premises and arising out of operations which have been completed or abandoned.
  • Owners' and Contractors' Protective Liability. This policy will provide liability coverage for an insured who is sued because of the negligent acts or omissions of an independent contractor or subcontractor hired by the insured which result in bodily injury or property damage to a third party.
  • Directors' and Officers' Liability Insurance protects corporate officers and directors against claims brought by shareholders, employees, consumers, clients, or businesses because of wrongful acts committed in the course of their executive duties.  This coverage may be needed by directors and officers of both for-profit and non-profit organizations.
  • Surety Bonds are a financial guarantee of your performance of a specific action.  For example, a builder may be required by his client to buy a bond under the terms of a construction contract.  If the builder fails to perform as agreed, the client can get a settlement.  The bonding company will then seek reimbursement from the builder who is the principal under the surety bond.  License and permit bonds are other types of surety bonds that governmental agencies may require businesses to obtain to guarantee their compliance with laws and ordinances and to guarantee that they will perform in good faith.
  • Umbrella Liability Insurance. This type of policy provides protection over and above the limits of basic liability policies such as commercial general liability policies and commercial automobile policies.  To decide whether you need an umbrella policy, think of the most extreme situation that could happen in your business and determine whether your current liability policies would cover this risk.  In some cases, umbrella policies provide broader coverage as well as higher limits.
  • Professional Liability Insurance pays liability claims arising from wrongful acts, errors and omissions, and malpractice by physicians, attorneys, or other professionals.  Errors and omissions insurance is also available for non-professionals such as corporate directors and officers who may be held liable for losses caused by their errors or oversights.

Be sure to ask how your professional liability policy or your general liability policy pays claims.  These policies may be written on either an "occurrence basis" or on a "claims-made basis."  A policy written on an occurrence basis covers incidents that occur during the policy period, regardless of when the claim is reported to the insurance company (even if it is reported after the policy expires).  A policy that is written on a claims-made basis covers only those claims reported during the policy period.  If a claims-made policy expires, it may be necessary to purchase "tail coverage."  Tail coverage covers claims resulting from incidents which occurred while a claims-made policy was in force but which are reported after the policy has expired.  Ask your agent about any other changes or conditions in a claims-made policy which may necessitate the purchase of tail coverage.

Here are just some of the well-respected carriers we partner with to bring you the best policy available at the best price.

Property Casualty

- AIC (Agency Insurance Company of Maryland) 
- Anderson & Murison
- Auto-Owners
- Builders Mutual
- Burns & Wilcox
- Chubb
- Donegal Mutual/Southern Insurance Company
- Employers
- Encompass
- Foremost
- Frederick Mutual
- Grange
- Great American
- Hagerty
- Hanover
- Hanover Excess & Surplus
- Harford Mutual
- Hartford
- Iroquois
- Jackson Sumner & Associates
- Liberty Mutual
- Loudoun Mutual
- Main Street America
- Maine Mutual Group (MMG)
- Markel
- Mercury
- MidAtlantic Insurance Services
- National General
- Progressive
- Safeco
- Southern Cross Underwriters (SCU)
- Selective
- State Auto
- Stillwater
- TPC (The Philadelphia Contributionship)
- Travelers

Life & Disability

- American Equity
- American General
- American National
- Athene
- Banner Life
- Fidelity Security Life
- Forethought
- Genworth
- Great American
- John Hancock
- Lincoln
- MetLife
- Minnesota Life
- Mutual of Omaha
- National Life Group
- National Western
- Nationwide
- North American Company
- Ohio National
- Principal
- Protective
- Prudential
Employee Benefits

- Aetna
- Anthem BCBS
- BCBS of Illinois
- CareFirst BCBS
- Cigna
- Delta Dental
- DentaQuest
- Dominion Dental
- Guardian
- Highmark BCBS (WV)
- Innovation Health
- Kaiser Permanente
- Lincoln
- MetLIfe
- Mutual of Omaha
- Principal
- Prudential
- Sedera Health
- SunLife
- The Boon Group
- The Standard
- United HealthCare
- Unum

Individual & Family Health Insurance

- Please call The Isacc Group at 1-877-746-4672 for assistance.


Commercial auto insurance is very similar to personal auto insurance. It provides both liability coverage and, optionally, coverage for physical damage (comprehensive and collision).

Virginia has a financial responsibility law which requires you to show that you have insurance or enough money to pay for losses resulting from motor vehicles you own or operate in connection with your business.  One way of satisfying Virginia's financial responsibility law is through insurance.  If you buy insurance, your policy must contain the following coverages:

(1)    Bodily Injury and Property Damage Liability.  This coverage provides protection in case you or drivers of your car are responsible for causing injury or death to other people or damage to property of others.

(2)    Uninsured Motorist.  This provides bodily injury and property damage protection to you if you are in an accident caused by an uninsured motorist or a "hit-and-run" driver.  Every policy which offers motor vehicle liability coverage must include this coverage. 

Virginia law requires you to carry the following minimum limits of automobile liability applicable to each occurrence:

        $25,000 for injury or death of one person;
        $50,000 for injury or death of two or more people;
        $20,000 for property damage.

Most insurance companies sell an auto policy that contains a single limit of bodily injury and property damage liability instead of separate limits.  This means that the maximum an insurer will pay per person or per accident is contained in a single limit.  This single limit must be at least $70,000 to satisfy Virginia's financial responsibility law.

As a business owner, you should consider purchasing limits higher than the minimum limits required by law.  Also, if you carry passengers or property and are subject to registration with the Department of Motor Vehicles, you will be required to carry more than these minimum limits of liability.  You should check with your insurance agent to determine what types of coverage you need to operate commercial vehicles.  You should also contact your city, county, and other state government agencies as well as the U.S. Department of Transportation and the Interstate Commerce Commission to check for any other insurance requirements.

If you cannot obtain motor vehicle insurance from any company, you can apply through your agent for coverage through the Virginia Automobile Insurance Plan (VAIP)  which is Virginia's assigned risk plan for motor vehicle insurance.  Your insurance agent can give you more information on the VAIP.

What Type of Motor Vehicle Policy Should I Buy?

Most businesses are eligible for the Business Auto Policy.  However, certain auto-related businesses such as auto dealers, service stations, and trucking firms are not eligible for this policy.  Garage policies and truckers policies are available to meet the insurance needs of these types of businesses.  Ask us which policy is best suited for your business.

As a business owner, purchasing the appropriate commercial insurance policy is critical to protecting your company’s assets and ensuring its continuing viability. Property and casualty insurance protects business from financial loss due to unforeseen circumstances--including property damage and liability--thus mitigating the risk involved in running a business.

The first step in purchasing an insurance policy for your business is familiarizing yourself with the general nature of commercial insurance and the various coverage options. Insurance standards and policy fundamentals vary slightly from state to state but have the same general parameters. Commercial insurance covers two main areas: property and casualty.

  • Basic property insurance protects a company’s buildings, machinery, equipment, and furniture against loss caused by specified perils. In addition, businesses can purchase other lines of property insurance, including: inland marine insurance, which covers property damaged in transport; systems breakdown insurance, which covers business losses caused by malfunction of machinery; and crime insurance, which covers any loss caused by theft, larceny, etc.
  • Casualty insurance covers a business’ liability for the injury or property damage of a third party. Common commercial liability lines include: commercial general liability, which is basic, comprehensive insurance; commercial automobile liability, which covers automobile usage for your business; and commercial umbrella liability, which covers any costs that extend beyond the other lines of liability coverage.

Insurance companies also offer a business owner’s policy (BOP), which includes basic property insurance, business interruption, and liability coverage.  If you opt for a BOP insurance package, you may need to purchase separate policies to insure professional liability and auto coverage. 

At Loudoun Insurance Group, our overarching goal is to enhance the success of every client’s organization. Toward that end, the evaluation of every prospective client’s benefit program includes consultative services.

Our experience and knowledge of the industry is key to working with our clients to design, implement, and support your benefits program. Our partners and staff serve a wide range of individuals and corporations and are experts in the issues and market trends that impact our clients.

We offer a vast array of group benefits offerings and can tailor a solution designed specifically for each client’s needs--regardless of company size. Here are some of the group benefits offerings we can assist your company with:

  • Medical, dental, and vision insurance
  • Flexible spending accounts (FSA)
  • Health Savings Accounts (HSA) and Health Reimbursement Accounts (HRA)
  • Premium Only Plans (POP)
  • Consumer-driven health plans
  • Life insurance
  • Short-term and long-term disability insurance
  • Company-sponsored retirement plans and retirement planning
  • Online enrollment systems and customized employee benefits websites
  • COBRA administration and state continuation
  • Employee assistance programs
  • Employee total compensation statements
  • HR and compliance services
  • Payroll services

How We Work

Our philosophy in working with clients is unique, because we see the design and selection of an employee benefits strategy as the beginning of the process and not the end. We believe that once the employer’s concern for establishing a cost-effective and attractive plan has been met, it then becomes critically important to address the needs of the employees.

Management Objectives and Strategic Planning

  • Review and clarification of corporate objective
  • Analysis of existing plans relative to corporate objective
  • Structure of new plans and /or revision of existing programs, including:
    • Plan design
    • Eligibility
    • Contribution formulas

Market Analysis

  • Audit of premium and administrative fees charged
  • Renewal review and negotiation
  • Marketing review of insured line of coverage and administrative services, including:
    • Comparative analysis of quotes
    • Received/recommended actions
  • Examination and comparison of funding alternatives
  • Evaluation of delivery systems:
    • HMO, PPO, HSA, POS
    • Comparison of provider networks
    • Plan implementation/transition

Customer Service

  • Account management team
  • Ongoing review of plan performance
  • Employee surveys
  • Ongoing evaluation of legislative updates
  • Assistance with open enrollment meetings
  • Assistance with claim and service issues


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Loudoun Insurance Group
5 Wirt Street SW #300
Leesburg, VA, 20175
info@loudouninsurancegroup.com https://www.loudouninsurancegroup.com