When you are operating a business, whether small or large in scale, there is always going to be some level of theft occurring. From employee theft to casual shoplifting to large-scale burglaries, your goods and inventory are always at risk. Besides locks, surveillance cameras, and good inventory tools, one of the best ways that you can protect your business against theft is through a comprehensive commercial insurance policy. Commercial insurance protects your company from a wide range of risks you may not be aware of. For those that live in the Lynnwood, WA area, the agents at Sound Choice Insurance Agency Inc. can help you find the right policy to cover any eventuality. 

Not only does commercial insurance protect your actual, physical business, it also helps pay for medical bills in the event that a customer or employee is injured on your property, and it covers the costs of defending yourself against any lawsuits filed against you.  On top of that, a commercial insurance policy also covers you from theft and compensates for items that are stolen. 

It pays to keep a detailed inventory list and receipts. In order for a theft claim to be paid, you must have an inventory list that proves what was in your store, when it was purchased, what value it had, and what was stolen. Additionally, you will need to have some kind of proof, such as surveillance video.  

Commercial policies are designed to help protect you, your company, your assets, and to prevent any major issues that might cause your business to slow down or shut your doors. If you live in the Lynnwood, WA area, the insurance experts at Sound Choice Insurance Agency Inc. can answer all your questions about theft and loss prevention insurance to help you tailor the perfect commercial policy for your needs.  Give us a call today!

If you have a business, then you probably already know that you need commercial insurance. Many people, however, do not realize the terms and conditions may vary from policy to policy. Knowing what is covered is one of the keys to protecting your business from losses. For example, do you know if your commercial insurance covers inventory losses?

Inventory Losses

There can be a number of situations in which you may lose inventory and not all insurance will cover inventory losses, especially if it is perishable goods. This should be taken into consideration when purchasing your insurance. If you have a considerable amount of inventory, or you have products which may be damaged or even spoil, then you may need special coverage or a rider on a policy which helps you customize coverage to prevent gaps. Speak with your insurance agent about the ways you can protect your valuable inventory and create a better policy for your needs. 

Finding A Good Policy

Finding a policy that works for you is easy if you have the right agent and insurance provider backing you. Make sure to do business with a reputable insurance company with knowledgeable agents who will work with you closely to make sure you are protected. Residents of the areas around Lynnwood, WA know that they can rely on Sound Choice Insurance Agency Inc to give them the information they need to make a wise decision when it comes to coverage. 

Always keep adequate coverage for your inventory, especially if you are a growing company. Loss of inventory can cripple a business and lead to disaster. Work with the agents at Sound Choice Insurance Agency Inc in Lynnwood, WA  to ensure you are protected from losses. Call or stop by today to get more information about insurance products to fit your needs. 

If you own a Lynnwood, WA area business, you need to make sure that you avoid common business insurance flaws. We at Sound Choice Insurance Agency Inc have seen these flaws happen far too often, particularly in those who attempt to write their own unique business insurance policies.

Blanket Language Can Be Vague

Insurance language can be confusing to many people and may feel vague to you. For example, you may find a policy or write one that states that your coverage won’t go into effect due to “errors caused by the policyholder” without discussing those errors. As a result, you and your company could have some conflicts if a problem does occur and they think you caused it.

Policy May Not Be Suited for Your Business

While commercial insurance policies are designed to be adaptable to many business needs, they won’t be appropriate for all types of companies. Even if you buy a policy that other companies in your field have purchased, it still might not be quite right for your needs. Make sure you go over all the coverage with your policy provider to ensure you don’t make any serious mistakes.

Cost Assessment May Be Difficult

One flaw that you may find is that you can’t assess your business costs accurately enough for your insurance company. This flaw is huge because it may cause you to overestimate damage and trigger a defensive mechanism from your provider. It may also cause you to underestimate and cost you a lot of money. In some instances, it could even cause insurance policy cancellation.

Getting the Best Commercial Insurance For Your Needs

Protecting your Lynnwood, WA from these insurance errors requires contacting us at Sound Choice Insurance Agency Inc. We will assess your commercial insurance needs and make sure that your policy covers all of the common issues and problems that can derail your coverage.

Own a business in Lynnwood, WA?

Then you absolutely must have commercial insurance before you open for business. Why? Because, first of all, the law requires it and secondly, your business is an asset that needs to be protected. But that’s not all. Read on to discover why having commercial insurance is so vitally important before you start doing business.  

Protect your Asset

In the event that something devastating happens while you are doing business in Lynnwood, WA, you need to be protected. For example, your business could burn to the ground and if you’re not covered, you’ve just lost everything. You also need to think about lawsuits. Depending on what kind of business you run, the door for a potential lawsuit to be filed will be different. For example, if you own a taxi service and one of your vehicles strikes and kills a person, your company is liable. If you own a retail store and a customer slips and falls on the floor, breaking their leg, they could sue you.  

Protect your Employees

If your business has employees, you need to protect them as well. This typically includes having worker’s compensation insurance and unemployment insurance for your employees.  

What does Business Insurance Cost?

This will depend on what type of business you own and how many employees you have, if any. Other factors include the location and size of your business as well as your annual revenue.  

To find out more about purchasing commercial insurance for your business, contact the team at Sound Choice Insurance Agency, Inc. Our agents are reputable, knowledgeable, and available to answer all your questions. Call Sound Insurance Agency, Inc today to find out more.  

Commercial insurance in Lynnwood, WA can protect your business from lawsuits or other catastrophic events. There are plenty of insurance options that will help protect businesses and cover a wide variety of problems. Depending on your business, you may need different types of insurance and an agent at Sound Choice Insurance Agency, Inc can help you with your options.

• Liability insurance will cover a business against harm due to mistakes of their products or services. Every industry has certain concerns that are addressed in a professional liability policy so that you have maximum coverage.
• Property insurance will cover the space. No matter if it’s a leased or owned space, this will include events like fire, storms, or theft. This will not cover events that cause mass destruction, like foods and earthquakes.
• If a business has employees, workers comp will cover medical treatment and any death benefits if an employee suffered an injury as a result of work performed in that business.
• Product liability covers your business if a product you manufacture is involved in a lawsuit. Coverage should be tailored to the type of product.
• If you have company vehicles, commercial auto insurance will protect your business, similar to how the individual is protected with regular auto insurance. If employees are using their own vehicles, they will be covered under their own policies. However, if they are delivering goods for a fee, there is an exception to them using their vehicles.
• If an event happens where a business cannot operate, business interruption insurance will help compensate for any lost income during this event. For businesses that operate at a location, such as a retail store, this type of insurance coverage should be necessary to prevent losses. It is important to note that home-based businesses will not be covered by their typical homeowner’s insurance policy.

Contact an agent at Sound Choice Insurance Agency, Inc serving Lynnwood, WA to get a quote on commercial insurance. Our agents are ready to answer your questions and work with you to get the coverage your business needs.

One of the biggest problems companies face is the responsibility for their employee’s actions, especially if someone is harmed or suffers a loss because of the activity. Typically, commercial insurance is intended to protect the business with regards to the services and products it offers consumers. However, the employee activity that can generate a liability goes far beyond what is sold. It can include vehicle accidents, harassment or harm to another employee, accidental or intentional business property damage, and more. According to Sound Choice Insurance Agency, Inc, generic commercial insurance isn’t necessarily all-encompassing that it covers every employee action possible. Insurance may instead need to be addressed by workers compensation, and a custom policy may be necessary for personal actions unrelated to a work function.

Lynnwood, WA businesses are no different from any other location. They need people to help operations and support the growth of the company. However, even with rules, employee handbooks, and supervisors monitoring activity, a company still has responsibility for what it’s employees do under the legal concept of vicarious liability. As a result, it is essential that when a business seeks to protect itself from operational activities, the commercial and business policy chosen includes contingencies for employee actions. It’s a bit like homeowners insurance; you don’t intend to have someone fall in your house and break their hip, but when it does, the coverage is a significant financial solution.

Contact us

The experts at Sound Choice Insurance Agency, Inc can help. We can examine your Lynwood, WA business, how its currently structured, how the company is expected to grow over time, and then match it up with a coverage policy that makes sense. Ideally, a company should be served by a policy that fits its size, employee activity scope, and addresses typical employee-caused risks. That way management can focus on productivity and stop spending so much time worrying about an employee going off the range any possible moment. Reach out to our agents to learn more.

Running a business from your home office does not necessarily mean that you are completely exempt from needing any insurance coverage. You don’t have the same risks hanging over your head as you would if you ran a factory, a storefront, a warehouse, or even if you were doing house calls, but you do take on some risks, for instance:

General Liability

You need an amount of liability coverage if anyone is going to be visiting you at your home office. Your existing liability policy might be enough coverage if nobody ever really visits except for maybe your business partner or the occasional client. If you are having people regularly coming to your home to buy from you or to show up for photo shoots, hairdressing, or anything related, then you may need to talk to Sound Choice Insurance Agency, Inc in Lynnwood, WA about getting your Washington business covered for basic liability concerns.

Libel And Legal Concerns

If you work in any capacity as a publisher or a content producer, then it may be worth looking into professional liability coverage. This will help you to keep your assets safe should you be hit with a libel case, for instance. In truth, most libel cases are a bluff. People send cease and desist orders to try and scare you into taking something down. Although, it’s good to have the backing of professional liability insurance to make sure that you can afford to call them on that bluff.

No matter your industry, you probably have some insurance concerns to consider. Whatever your risks, it might not be a bad idea to call Sound Choice Insurance Agency, Inc to keep your Lynnwood, WA business covered. Our agents can help answer your questions and guide you through the insurance process.

In Lynnwood, WA, boat rental is a popular business choice. If you are a boat rental business owner, you need to understand how insurance can protect your property. In this way, you can avoid damage caused by those who rent your boats. We at Sound Choice Insurance Agency, Inc can help you sort through this intricate process.

How It Helps Your Business

Boat rental insurance is an essential item for anyone who owns a rental company. Boats provide a unique difficulty for many to understand, including problems that could occur while on the water, such as breakdowns and accidents. Good boat rental insurance will cover the issues that occur when somebody rents a boat from you.

What It Covers

Commercial boat rental insurance covers a variety of problems, including personal injuries suffered during an accident, medical payments, fuel spills, damage to the boat caused by environmental concerns, damage caused by accidents, and the trailer used to haul the boat.

All of these items are crucial to cover, as any of them could be seriously impacted. It will also help cover some lawsuit business costs and prevent you from losing too much money during a trying and difficult legal case.

The Costs Of Boating Insurance

Is boat rental insurance expensive to purchase? Typically, it is comparative to most types of commercial insurance. Naturally, the exact cost will vary depending on the company you choose. In some instances, blanket or umbrella policies may be available for all of your boats.

If you live in Lynnwood, WA and need boat rental insurance, please contact us at Sound Choice Insurance Agency, Inc. We will help you sort through your coverage options and find a policy that works for your unique needs. Please don’t hesitate to take this important step.