Business Insurance in Leesburg, VA

If your company is sued, you could be responsible for costly out-of-pocket expenses with serious financial ramifications. Business insurance can help cover the costs associated with these claims.

Let us help. Contact Academy Insurance Agency Inc. in Leesburg, Virginia, for more business insurance solutions.

How Does Business Insurance Work?

The right business insurance policy can help protect your company from property damage and legal liability, among other things. In exchange for your premiums, your insurance company will help pay for covered losses, up to your policy limits. If a loss occurs, you may have to pay a deductible, which is an out-of-pocket cost, before your insurance kicks in.

Contact Academy Insurance Agency for more information.

How Often Do You Pay Business Insurance Premiums?

Typically, business insurance premiums are paid every month. This may vary with your insurance company. In some cases, you may receive a discount from your insurer if you opt to pay your premiums annually.

What Business Insurance Do I Need?

Your business insurance needs will depend on the type of work you do and the risks your company faces. There is no one-size-fits-all policy when it comes to insurance.

The following are examples of common business insurance coverages for you to consider:

• Commercial property insurance

• Workers’ compensation insurance

• General liability insurance

• Business income insurance

• Professional liability insurance

• Employment practices liability insurance

• Commercial auto insurance

• Data breach insurance

Some types of business insurance may be necessary to meet state requirements. If you have employees, workers’ compensation insurance will likely be required. For some industries, commercial auto insurance and professional liability insurance are also mandated.

Contact Academy Insurance Agency to learn more about your business’ insurance needs and to speak to an insurance agent.

How Much Does Business Insurance Cost?

Numerous factors will go into determining the cost of your business insurance. Here are some of the variables your insurer may consider:

• Number of employees

• Industry risk

• Claims history

• Payroll

• Location

• Policy details

• Building size

How Do I Get Business Insurance?

Finding the right insurance for your business takes time and effort. Let us help. Call Academy Insurance Agency to learn more about our business insurance coverage and to get a free quote.