Every state has its own insurance laws for businesses of every size. In Washington, two types of insurance are required for businesses, though many businesses choose to add optional policies to protect their businesses better. If you need commercial insurance, contact us at Shrieb Insurance Group in Bonney Lake, WA to find out more about the policies available.
In Washington, virtually every business must have workers’ compensation insurance for each of their employees. This is true when the business has just one part-time employee. Protecting every employee with this coverage keeps your business from having to pay out when someone gets sick or injured while on the job. It also protects your employees, as they will know that there is help available for medical bills if there should be an accident at work.
Commercial Auto Insurance
When your business owns one or more vehicles, a commercial auto insurance policy must cover each of them. This protects your business in the event of an accident that is the fault of the business-owned vehicle driver. The policy must have the mandatory minimum of coverage for one person injured in the accident and another amount for all of the bodily injuries for third parties in the accident. There is also a requirement to have a specific amount of coverage for any property damage caused by your business’s vehicle. If you have a vehicle that the company does not own but is often used for the business, it needs a different policy, one called hired and non-owned coverage.
Get Your Commercial Insurance
Please don’t risk your business going without the insurance coverage that it needs. Call us at Shrieb Insurance Group in Bonney Lake, WA to talk to an agent about the coverage your business is required to have as well as optional policies that can help your business.