Author Archives: Kevin Sanford

About Kevin Sanford

Kevin J. Sanford is an entrepreneur, innovator, and business coach. He has ownership interests in companies that specialize in financial services, insurance, hospitality, transportation, and technology. Prior to founding his first company in 1989, he served as a director for Blue Cross Blue Shield.

Mr. Sanford received a Bachelor’s Degree in Business from Virginia Commonwealth University and a Master’s Degree in Management from American. Mr. Sanford holds numerous professional licenses, awards, and designations including: Million Dollar Round Table, Certified Health Consultant, Professional Academy for Healthcare Management, Property & Casualty, Life, Health and Annuities licenses, and Investment Series 6, 63, and 26 licenses.

Mr. Sanford resides in Chesterfield, Virginia with his wife, Beverly, and daughter, Lauren. They are active members at Clover Hill Assembly of God and serve in many charitable and civic organizations.

Here are my most recent posts

Business Insurance Chesterfield VA

Protect What You’ve Worked So Hard To Achieve

Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121Your Business Is Your Dream. Ensure You Protect it.  Don’t get stuck in a rut searching online for ” Business Insurance Chesterfield VA ” –  not everything you read will meet your business insurance needs!  Insurance & Financial Services will breakdown the facts and provide you the resources you need to understand business insurance and help you make the best choice, for the best price.

As a business owner, you want to rest assured that your hard work is protected in the event of loss. Partnering with Insurance & Financial Services to handle your business insurance coverage needs can keep you focused on your business. Insurance & Financial Services offers several options for business owner’s protection and we have the resources to customize a tailored Business Owners Policy (BOP) for your business.

One package purchased by small and mid-sized businesses is the businessowners policy (BOP). Package policies are created for businesses that generally face the same kind and degree of risk. Larger companies might purchase a commercial package policy or customize their policies to meet the special risks they face.



Business Owners Policy includes:

  1. Property insurance for buildings and contents owned by the company — there are two different forms, standard and special, which provides more comprehensive coverage.
  2. Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business. It can also include the extra expense of operating out of a temporary location.
  3. Liability coverage, protects your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage.

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles and your employees.

Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121If your business services include offering professional advice to clients on legal matters, tax and accounting, medical, or other topics, you will be required to have a separate policy.  Generally, carriers require businesses to have a General Liability insurance policy before they will issue a Professional Liability insurance policy.

If we determine your business does not qualify for a BOP, we will tailor a Commercial Package Insurance Policy (CPP) with the options that protect your business.




Commercial Package Policy (CPP)

Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121Commercial Package Policy can be customized to include almost any type of coverage offered, such as property, liability, commercial auto, crime, inland marine and professional liability.

Most CPPs offer expanded coverage endorsements that will increase the base current coverages for lower premiums than purchasing each coverage separately.  Property insurance coverage protects small business owners from losses of damage to physical space or equipment and as a result of theft. For insurance purposes, a business’ property includes the physical building in which it resides, as well as its other assets.

Examples of Commercial Property:

    • Buildings, including additions under construction,
    • permanently installed equipment,
    • computers, desks, chairs,
    • leased business personal property,
    • property of others left in your care for which you are legally liable,
    • sales samples and inventory.

Business Property Insurance Replacement Value

Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121With property insurance, you can select actual cash value or replacement cost insurance. Actual cash value reimburses you for the value of lost, damaged or stolen goods after depreciation is taken into consideration. Replacement cost insurance reimburses you the amount it would take to replace, rebuild or repair damages with materials of similar kind and quality, without deducting for depreciation.

Three Levels of Property Insurance Protection

  1. Basic form property insurance includes losses resulting from a fire, lightning, windstorm, hail and explosion, plus the cost of removing property to protect it from further damage.
  2. Broad form property insurance includes basic plus extended coverage for other types of perils, such as a roof collapse (e.g. caused by snow or ice etc.
  3. Special form property insurance includes basic and broad, and covers all direct physical losses except conditions specifically excluded as listed in the policy.

Commercial Auto Business Insurance Chesterfield VA

Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121If you drive a vehicle for business purposes, the vehicle must be covered under a commercial policy.  Personal Auto Policies will not cover incidents that occur while operating a personal vehicle for business purposes.

All motorized vehicles, whether used for personal or business purposes, need auto insurance.  Several factors related to ownership and use of vehicles determine whether a personal or commercial policy is appropriate. These include:

  • Who owns the vehicle – you as an individual or the business as an entity.
  • Who drives the vehicle – you as the owner and your employees.
  • How the vehicle is used – transporting people, delivering packages or carrying hazardous materials.

Commercial Autos include Vans, Tractor Trucks, Box Trucks, Taxis, Trailers, and more.  While the types of coverage provided by personal and commercial auto insurance policies are essentially the same, there are important distinctions. Typically, commercial auto insurance policies have higher liability limits. They also may have provisions that cover rented and other non-owned vehicles, including employees’ cars driven for company business.

IFS agents will discuss these matters with you and make the best decision based off of your needs for collision and comprehensive coverage to protect yourself against damage to your vehicle.


Be sure to discuss your Busines Insurance policy with an Insurance & Financial Services agent.  

We’ll help you determine the best protection you need.  

(804) 739-9121


Business Insurance Chesterfield VA | Insurance and Financial Services | (804) 739-9121


Why Choose Insurance & Financial Services?

Located in Midlothian Virginia, we’ve proudly insured our neighbors with quality strategies for nearly three decades. Whether you’re in the market for an auto insurance policy for the family car, an individual health insurance plan because you’ve started your own freelance business, or you’re interested in a fixed annuity to help supplement your eventual retirement income, at Insurance and Financial Services, we have the resources to provide the solutions you seek.

Insurance and Financial Services is growing!   We are dedicated to strengthening our foundation as an insurance and financial services provider through continual growth and development. In 2017, we added joined the Smart Choice Agents Network to provide many new carriers and markets. This Smart Choice partnership has allowed us to broaden our service markets.

A few Insurance Companies we represent include: Anthem, Blue Cross Blue Shield, BTIS, CNA, Dairyland, Dovetail, Foremost, Grange, Hagerty, Liberty Mutural, Mercury, MetLife Auto & Home, NetComp, Safeco, Starr DoveTail, Tapco, The Hartford, and many more.

Areas Served

Insurance and Financial Services provides Chesterfield Business Insurance to distinct communities within Chesterfield County Virginia including:

Bel Bridge, Bel Crest, Belmont, Bermuda Hundred, Bexley, Bon Air, Brandermill, Brandermill, Charter Colony, Chesdin Landing, Chester, Chesterfield, Collington, Colonial Heights, Courthouse, Deer Run, Enon, Ettrick, Fort Lee, Founders Bridge, Fox Creek, Genito, Gordon,  Hampton Farms, Harrowgate, Hening, Highlands, Hopewell, Jefferson Davis North, Magnolia Green, Manchester, Matoaca, Meadowbrook, Midlothian, Moseley,  Petersburg, Prince George, Reeds Landing, Richmond, Robious, Rockwood, Salisbury, South Rockwood, Spring Run, Summer Lake, Summerford, Winterpock, Woodlake, and Woodland Pond.

In addition to Chesterfield Virginia, Insurance & Finanical Services provides Insurance Services & Insurance Products to residents and businesses in Amelia, Chester, Colonial Heights, Fort Lee, Prince George, Hanover, Henrico, Hopewell, Machanicsville, Manchester, Petersburg, Powhatan, Richmond,  and surrounding areas.

Glossary of Insurance Terms

Click here for the Glossary of Insurance Terms and Definitions that are commonly used in the insurance business.

The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.

The National Association of Insurance Commissioners offers a complete Insurance Term Glossary for consumers.

Home Insurance Chesterfield VA

  Virginia Home Insurance Coverages If you have been searching the internet for ” Home Insurance Chesterfield VA , ” your search is over!  Insurance & Financial Services understands the various needs of Virginia homeowners when purchasing and owning a home.  A home  is generally one of the largest investments of our lifetime. It provides stability… Continue Reading