commercial insurance

Top Risks Lynwood Business Owners Face and How Insurance Can Help

Posted on by agentinsure

Being a business owner in Lynnwood, WA can be a dream come true. You have access to a booming economy as well as scenic views. Knowing about the various risks that business owners often face will allow you to plan effectively—and seek out the necessary business insurance. Don’t try to do this alone. Sound Choice Insurance Agency Inc is here to help you.

Identifying Top Business Risks in Lynnwood

At first glance, you might think that there are no risks involved with doing business in Lynnwood, right? No matter how organized and cautious you may be, things happen.

Here are some risks you may want to consider:

  • Fire
  • Theft
  • Vandalism
  • An employee getting injured
  • An accident with a company vehicle
  • A lawsuit against your business

Given the many things that could happen to your business, you need to ensure you have an insurance policy to protect you.

Securing Your Business with Financial Protection

When you have the right insurance, you file a claim. Then, you pay the deductible while the insurance company pays the rest. However, you could have a massive bill waiting for you if you don’t have the necessary insurance (or not enough coverage).

That’s why your business needs a policy built specifically for it. Every business is different in terms of industry, risk, and more. Working with an insurance agent isn’t just smart; it’s critical to your business.

Discover the Right Policy for Your Business

Trying to protect yourself against the many risks that your business may encounter can seem daunting. Our friendly and knowledgeable agents at Sound Choice Insurance Agency can help. We’re here to learn about your business, make recommendations, and get quotes for you. Contact us today to find out how you can protect yourself against the many risks that could occur in Lynnwood, WA.

Commercial Insurance Protection for A Retail Business

Posted on by agentinsure

Protecting Your Retail Business with Adequate Insurance Coverage

Are you prepared for a break-in, weather-related damage, or another type of catastrophe? Learn how you can protect your retail business by obtaining adequate insurance coverage.

An Analysis of Unforeseen Events

First, consider what could happen if you didn’t have enough insurance protection. If someone broke into your retail business, they could potentially cause considerable damage, resulting in considerable monetary loss.

If your insurance doesn’t cover the damage and loss, you will need to use your personal funds to rehabilitate your place of business.

A wide range of events could affect your longevity as a business owner. Not having adequate coverage could be devastating and lead to the temporary or permanent shutdown of your retail business.

Essential Business Equipment

Assess the business equipment that you own. Large investments essential for keeping your retail business afloat should be listed in your commercial insurance policy. Insurance may cover repairs, upkeep, and replacements needed to keep your equipment in operable order. You can also insure any goods that are stored or sold at your place of business.

Liability Insurance

Liability protection covers injuries and damage that occur at your place of business. This type of coverage will protect you if a customer or employee tries to sue you.

When selecting the amount of liability coverage to add to your existing commercial insurance plan, consider the value of your retail business and the potential risk of injury.

Contact an Agent Serving Lynnwood, WA

One of our Sound Choice Insurance Agency Inc. insurance agents can help you prepare your commercial insurance policy. Contact our office and request to schedule an appointment with an insurance agent.