Do Virginia Contractors Need Business Auto Coverage?

Posted on: April 14, 2015 by Goodrich & Watson

Many Virginia business owners mistakenly believe that a basic Business Owner’s Policy (BOP) or general business property insurance policy will cover all their assets. However, there are a number of limits to the types of property these policies will cover. Neither a BOP nor commercial property insurance policies will protect business owned and non-owned vehicles, […] Read More

How Can Virginia Contractors Protect Their Equipment?

Posted on: March 26, 2015 by Goodrich & Watson

Tools and equipment can be a significant investment for Virginia contractors. The proper equipment can be vital to your success as a contractors, however it also presents a significant exposure to property losses. Artisan contractors specifically, face large loss exposures when it comes to protecting their specialty equipment. Between work vehicles, equipment, tools, building materials […] Read More

What are Virginia Construction Surety Bonds?

Posted on: March 9, 2015 by Goodrich & Watson

If you are new to the construction industry, you might be a little confused about surety bonds. Are they insurance? Are they licensing fees? And why do you have to obtain them in order to secure larger projects? Understanding surety bonds take time, but working with local Virginia Insurance companies to assess your surety needs […] Read More