Do You Need Commercial Insurance For An E-Business?

There are more e-commerce businesses than ever before. They have changed the way we shop and conduct daily life. With these changes have also come changes to the way insurance covers a business. If you have an e-commerce business, you may need insurance to cover inventory and other legalities and equipment that you need to run the business.

Insuring Your e-Business

Insurance for an e-business may be slightly different than traditional brick and mortar insurance policies. Commercial insurance today can help cover your equipment, inventory, and other assets and risks associated with today’s internet business landscape. If you are considering opening an e-commerce or internet based business, you need to work with an insurance provider that understand how modern insurance policies can provide coverage for internet-based companies and can help you discover ways to protect your business completely. 

Finding Insurance Coverage For Internet Based Companies

If you are one of the millions who is branching out into businesses via the internet, you need insurance coverage that is designed for your unique needs. Not all insurance is the same, which is why you should work with Commonwealth Insurance Center in Williamsburg, VA. We have the insight and experience to guide you through the process of purchasing the right type of insurance for e-businesses. We can suggest the options that apply to your situation and help you gain peace of mind. 

Don’t leave your e-commerce business to chance. Residents living in or around the Williamsburg, VA area should call or stop by Commonwealth Insurance Center and speak with a representative who can listen to your needs and suggest coverage that works for you. 

Facts about modern classic car insurance

Classic car insurance is a special class of auto coverage that is fashioned to meet the insurance wishes of vintage vehicle collectors. Considering that this is a non-standard kind of insurance package, this means that there are selective state wise considerations that you need to be aware of to obtain coverage for your automobile. Here are three facts that you need to know about classic car insurance in Williamsburg, VA.   

Classic vehicles description 

At Commonwealth Insurance Center in Williamsburg, VA, we have come to realize that it’s a common misconception that people think a classic car is an old car, which is not necessarily the case. In the 1970’s, the numbers of production vehicles were high; subsequently, not all cars developed during and even before this era are considered classics. There are three types of classifications of automobiles that are deemed as classic cars namely: Veterans, Edwardian, and limited. Veterans are vehicles that were developed before December of 1904; on the other hand, Edwardian are automobiles whose manufacturing dates fall between January 1905 and December 1918. Limited edition vehicles are not expressly classified by date, but by rarity, their uniqueness offers them the tag of classics.

Classic vehicles Usage

Most classic car insurance policies stipulate that for a vehicle to qualify for classic collector coverage, it should not be used as the primary vehicle. Regardless of its rarity, a vehicle that is not in a condition to be driven on a daily basis will not be eligible for coverage. The classic car insurance policy traditionally uses restrictions on millage in order to make sure the vehicle is regularly used. For instance, in Williamsburg, VA, a classic car is expected to cover over around 5,000 miles annually in order to meet eligibility criteria.

Classic vehicles Storage Requirements

As indicated, classic vehicles are considered gems by a variety of providers including us at Commonwealth Insurance Center; subsequently, there are strict storage requisites for vintage cars. In order to be covered, you will be expected to have a specially designated storage location for your vehicle. Classic cars that are parked outside the house or garage are exposed to significant damage risks which are a liability to insurance providers. Consequently, it’s always required that classic cars are kept in safe and secure locations within the owner’s premise.

Contact our Virginia offices to speak with an agent and get a quote.

Renter’s Insurance: What You Need

If you rent a home or apartment in Williamsburg, VA, the responsibility of protecting your personal goods falls on you. Your landlord’s insurance will cover damage to his building in the event of a disaster. If you want insurance protection for your belongings, you’ll need to pay for that on your own. A renter’s insurance policy from Commonwealth Insurance Center can provide you with the coverage you need. Understanding the basics of renter’s insurance will make it easier to choose a policy suited to your needs.

What Renter’s Insurance Covers

Personal Goods

A standard policy will reimburse you for damages or loss caused by such common perils as fire, smoke damage, lightning, hail, windstorms, and other natural disasters. You’ll also receive coverage against vandalism, theft, and water damage caused by plumbing issues. The extent of coverage depends on your policy. If you own designer clothes or pricey furniture or electronics, you will do well to obtain sufficient coverage to replace these goods in the event of a disaster.   


If people visit you often, you face a higher risk of someone getting injured on your property due to an accident. A friend could burn himself while attending a cookout or slip and fall down the stairs. Liability insurance protects you against such risks by covering the cost of visitors’ injuries and property damage while on your property.

Additional Living Expenses

If your rental home or apartment receives extensive damage due to a catastrophe, you may need to move out while it’s being repaired. This coverage helps pay for your living expenses during this time to include hotel bills, meals out, laundry services, etc.

The affordable cost of renter’s insurance makes it a wise investment in protecting your interests. For more information on policy options and costs, contact Commonwealth Insurance Center in Williamsburg, VA.

Motorcycle Insurance Basics

When you get a new bike, the open road will call out to you. Before you head out, you need to make sure that you have the right motorcycle insurance. By law, you are required to carry minimum liability insurance. While the lower rates may be tempting, you may be better off with a more comprehensive policy. If you have financed your motorcycle, your lender will have requirements about the type and levels of coverage that you carry. Even if you don’t owe on your bike, you need to understand the insurance options available to you. This is where the agents at the Commonwealth Insurance Center can help. We serve the insurance needs of motorcyclists throughout the Richmond, VA area. 

We can discuss what is covered by a liability policy and the benefits it brings. Basically, if you are deemed responsible for an accident, the policy will cover the repair expenses of the other party.  It will also pay their medical expenses and legal fees, if needed, should they decide to sue. It will not cover the repair of your motorcycle, however, or your medical expenses. Also, a liability policy will only pay out up to a certain amount. If the injured party’s medical expenses exceeded the predefined amount, you will be responsible financially for the additional expense. 

The agents at Commonwealth Insurance Center will talk with you about more comprehensive and collision policies. There is a wide range of options available for motorcyclists in the Richmond, VA area. They will help you find the one that best protects your investment in your bike, as well as, assists if there ever is an accident. The team of agents will walk you through various policy options and answer any questions you may have. Visit our website online for general information then call for an appointment today!

What are the minimum boat insurance requirements in Virginia?

Those wishing to operate a boat in Williamsburg, VA must abide by the rules established by the state’s department of motor vehicles (DMV) before getting behind the wheel of a watercraft. First, potential drivers must be at least 14-years-old. Second, potential operators must fulfill boating education requirements, which may include online as well as in-person courses. It is also paramount that those who own a watercraft have proper insurance coverage to pay for damages caused by accidents. Commonwealth Insurance Center can help you meet the minimum boat insurance requirements in Virginia. 

Does homeowner’s insurance cover watercraft as well?

In some instances, homeowners may find that their boat is also partially covered by their residential indemnity plan. It is not the better idea, however, to solely rely on homeowner’s insurance to pay for all damages ensued by an accident on the water since policy limits tend to be low. You may, at best, receive $1,500 to repair your boat. You are still financially responsible for medical bills of others injured if you were at fault as well as repair costs that exceed the payout from your homeowner’s insurance plan. 

With so little being offered by homeowner’s insurance companies, many boaters in Williamsburg, VA choose a specialized policy for their watercraft. The average Virginia boat insurance provides coverage of anywhere from $100,000 to $1 million. You can, of course, go beyond minimal liability policy limits and choose more products for even more financial assurance. 

The need for yacht insurance

It is important to understand that watercraft between 16 and 26 inches are typically classified as standard and, thus, may be insured under traditional liability limits. You may need to go the extra mile to insure a yacht, which is a boat that exceeds 26 inches. 

Commonwealth Insurance Center can help you find the right type of insurance so that you are fully protected on the water. Contact us today for a quote!

Umbrella Insurance In Williamsburg, VA

Accidents and lawsuits are both incidents that we cannot avoid. Umbrella Insurance is often known as “extra liability insurance" which protects you from serious personal injury lawsuits and all situations where you could be sued. Besides personal injury protection, this policy covers a wide range of legal problems like slander, false arrest, property damage, libel, and other coverage problems that might occur on rental properties.

At the Commonwealth Insurance Center in Williamsburg, VA, we are committed to ensuring you get covered. We often advise mostly landlords to have this policy, although anyone can have it. Some of the coverages done by the umbrella policy include:

Bodily Injury Liability

This policy covers the cost of bodily injury of other people due to your negligence. Examples include:

  1. Accidents in which you are at fault.
  2. Harm caused to people by your pet.
  3. Injuries sustained by your guest at your home.
  4. Injuries on a neighbor’s child who gets injured while playing in your compound. 

Property Damage Liability

This covers the damage cost to someone else’s property due to your negligence. Examples include:

  1. Damage done by your pet on a neighbor’s property like breaking a glass window.
  2. Damage to vehicles in an accident in which you are to be blamed.
  3. Accidental damage incurred on a property as a result of your child’s negligence or ignorance.

Rental Unit Liability

 This policy protects against liability risks a landlord may come across. Some examples of rental unit liability include:

  1. Someone tripping and injuring himself/herself while walking on a cracked sidewalk.
  2. A visitor attacked by an animal and holding you responsible for injuries.

Come and get a quote from the Commonwealth Insurance Center in Williamsburg, VA today. To get more information or for any inquiries, visit our office, and our highly trained staff will be happy to assist you.


Why You Need Flood Insurance from Commonwealth Insurance Center in Williamsburg VA

If you have homeowners’ insurance, you might not know it doesn’t cover flooding. If you are in a flat area or on a flood plain and have a mortgage, your lender usually requires flood insurance. Even if you have paid off your home, you should consider getting flood insurance to protect your belongings.

Facts About Flood Insurance

Floods account for the most costly and frequent natural disasters in the country. They cause massive damage annually. Americans lose about $8.2 billion every year to flood-related property damage.

There are floods in every state and across all types of terrain. Over 20 percent of flood claims originate on properties that aren’t in a high-risk zone.If you carry flood insurance, you can file a claim even if there’s no Presidential Disaster Declaration in your area. These are just some of the compelling reasons to carry flood insurance.

One inch of water in your cellar can amount to $27,000 in damage. If homeowners insurance doesn’t cover your belongings, how can you get flood insurance?

Where to Buy Flood Insurance

You have to buy flood coverage via an insurer that belongs to the NFIP. The National Flood Insurance Program doesn’t sell insurance directly. Ask your Commonwealth Insurance Center agent in Williamsburg, VA to help you purchase coverage.

Here are some questions you should ask to educate yourself on flood insurance in your area. 

  • Does my neighborhood participate in the NFIP?
  • Which flood zone do we live in?
  • Is flood insurance required by my lender? 

Contact Commonwealth Insurance Center in Williamsburg, VA today to set up a free consultation about your options for flood and other insurance needs.

Can Renters Buy Condo Insurance?

If you are looking to rent a condo, you may ask yourself if you can purchase condo insurance as a renter, or if this is something only the condo owner can purchase. Here at Commonwealth Insurance Center, serving the greater Richmond, VA area, we want to ensure that our clientele can purchase the right type of insurance for their needs. Here is what you need to know about condo insurance and being a renter. 

What is Condo Insurance

Condo insurance is similar to homeowner’s insurance. However, whereas a homeowners insurance policy covers the exterior of the home and common places, condo insurance does not. It only covers the walls and space that make up the portion of the condo that a condo owner owns. The condo building owner is required to carry their own insurance for the exterior of the building and commonplaces, such as hallways and pools. As a renter, you cannot obtain condo insurance. This type of insurance is designed to be purchased by the person who owns the unit. 

What Types of Insurance Renters Need

While you cannot purchase condo insurance as a renter, you may still be looking to insure your belongings against fire, flood, or theft. In this case, you will want to purchase a standard renters insurance policy. This type of policy covers renters who live in any type of dwelling, including homes, apartments, and condo buildings. An insurance agent can help you determine how much renters insurance you should carry based on the value of your belongings. 

If you own a condo and are looking to purchase condo insurance, or if you have signed a lease to rent a condo and are looking to buy renters insurance, Commonwealth Insurance Center, serving the greater Richmond, VA area is here to help. Contact us today to get started. 

Why invest in a life insurance policy?

Your family is your greatest asset. It is expected that you want to protect them at all times. But, we are all human, and it will reach a point when you cannot protect them any longer. So, what do you do? Do you just leave them to fend for themselves with difficulties or do you plan for their future even in your absence?

With a life insurance policy from Commonwealth Insurance Center in Williamsburg, VA, you need not worry about your loved ones even after your death. We have well-educated employees who understand the importance of family. Once you walk into our offices, we will listen to you, and from there we can guide you through the life insurance process.

Our major life coverage options include:

Permanent life insurance

This is a type of insurance that is permanent in that it covers you for your whole life. Also, in most cases, it can build up some cash value over time. It protects your loved ones for the rest of their lives. It is one of the best options since it can apply to everyone.

Term Life Insurance

Unlike the permanent life insurance, with term life insurance you only pay premiums for a set period. It will only be in effect for a set amount of years. It is a good option if you are looking for a savings plan to cover your children’s future or for a specific debt like paying a mortgage.

If you are in Williamsburg VA, Commonwealth Insurance Center is here to guide you. Please feel free to walk into our offices or contact us for more information. Remember, we are here because of you. So do not hesitate to contact us in case of any questions.

Knowing Your Industry In Williamsburg, VA

When you call or email Commonwealth Insurance Center, they can help to connect you to a policy that will keep you safe with a provider that knows your industry. But, there’s a lot to be said for intimate, on-the-ground experience. There are things that you know about your business and about your industry in Williamsburg, VA that your insurer might not know. That is to say that while they have a general idea about what kind of commercial insurance you need, you know better than anyone.

Every business is different, every business takes on a different set of risks, and an insurance provider that treats all businesses the same is a provider that you might not want to work with. Your job, before you go to an insurance provider, is to know what you need.

Ask your peers what their most common out-of-pocket expenses have been, consider if you have any unconventional features at your business. If you run a pizzeria but you own a printing setup and you make your own flyers, then you’re probably going to need to get that equipment protected under your commercial policy. If you run a sporting goods shop but you also do deliveries for some of the local teams that support you, then you may need to look into what sort of policies are offered for that kind of thing.

The initial policy an insurer will provide you without knowing that much about your business serves as a good foundation, but you need to make a list of everything you need covered so that when you call Commonwealth Insurance Center, they’ll know exactly what your risks are.