How much does IT Consultant insurance cost in Richmond, Virginia?

The estimated annual cost for a IT Consultant in Richmond with one employee is between $666 and $979. The state base rate is $930.

What insurance is required for a IT Consultant in Virginia?

In Virginia, businesses are subject to a 5.3% insurance tax. IT Consultants typically need General Liability due to a risk factor of 0.8.

IT Consultant Insurance Cost in Richmond, Virginia (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$666-$979

Estimated Annual Premium

Monthly Average Breakdown

$65 / mo

Includes General Liability

Industry Risk Profile

IT consulting has low physical risk but requires Professional Liability (E&O) insurance to protect against data breaches and software failures.

Risk Factor0.8x

Location Factors

State Base Rate$930
Richmond Multiplier1x
State Tax Rate5.3%

Local Compliance FAQ

Is General Liability required in Richmond?

While Virginia law may not mandate it for all businesses, IT Consultants often need proof of insurance to bid on local commercial projects in Richmond.

Why is the rate different here?

Your premium reflects Virginia's specific base rate of $930 and a local city multiplier of 1x.

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