Owning a business in Washington comes with a lot of rules and regulations, and one of those is the type of commercial insurance that your business must have. There are two types that are mandated, and there are several more that are very helpful to business owners without being required by the state. If you have a business in Washington and you need commercial insurance, call us at Sound Choice Insurance Agency Inc in Lynnwood, WA.

Workers’ Compensation

This type of insurance is required for most businesses that have any number of employees. They can be part-time or full-time, and there can be just one of them, and the insurance is mandatory, though there are a few exceptions to this law. In Washington, workers’ compensation insurance is purchased directly from a state fund rather than from an insurance company. When an employee is covered by workers’ comp insurance, there is protection for your business in case a worker has an accident while working. The policy pays for the medical bills so that your business doesn’t have to. 

Commercial Auto Coverage

This insurance type covers a vehicle that is owned by a Washington business. There are three types of coverage that are required to be in the auto policy, and there are required minimums for each type. The state requires a certain amount of bodily injury liability coverage for one person who is injured in a vehicle accident. There is another required amount for everyone who is injured in a vehicle accident. Another amount is mandated for property damage liability. All of these amounts are fairly low in Washington, so it’s often recommended to get more than the minimum amount of coverage. 

Commercial Coverage

If your business doesn’t have the insurance that it needs, call us at Sound Choice Insurance Agency Inc in Lynnwood, WA.