Our business is peace of mind.
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.
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
- CNA
- 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
- AIG
- 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
- AFLAC
- 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
- VSP
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.
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.
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:
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.