Commercial insurance is customizable to fit whatever type of business you have. Your policy won’t necessarily look like any other business insurance. You work with your independent insurance agent to come up with the perfect combination of lines to give you the protection you need. At Securum LLC in Bellevue, WA, we work for our clients to make sure their coverage fits their business.
Commercial liability coverage
Every year, between a third and half of businesses are involved in legal disputes. That means your chances of getting sued are pretty good. With liability insurance, you are prepared to survive the judgment and legal expenses. It can make the difference between thriving and surviving and having to close your doors forever.
Commercial property insurance
Commercial property insurance can benefit both renters and property owners. It covers more than just the physical building. It covers the things you need to do business, like tools, machinery, raw materials, your inventory, and even your office equipment. Many hazards are out there, and if they hit your business, without commercial property insurance, you may have a hard time recovering and replacing what you need to operate.
Commercial auto insurance
Commercial auto insurance is required by any business that owns at least one vehicle. The requirements are 25/50/10. That is $25,000 for the first person injured in an accident with a total of all injuries of $50,000. Additionally, you need $10,000 in property damage.
Workers Compensation
Washington state requires that every employee, even one who is part-time, be covered by worker’s compensation insurance. In Washington state, the employer must purchase the coverage from the state fund, not from a private insurer. Only 4 states in the United States use this system.
Contact Securum LLC in Bellevue, WA, when you are ready to discuss a commercial insurance policy for your business.
