Business owners are responsible for keeping their commercial insurance current with business, client, and regulatory changes. Annual insurance reviews will address many changes, while other events should trigger near-term reviews. If you live in or near Lynnwood, WA, and want to discuss your commercial insurance coverage, contact the Securum LLC team.

Business Changes Require Commercial Insurance Reviews

Each firm’s commercial insurance needs vary based on its size, industry, legal structure, and other dimensions, but commercial insurance generally covers a range of business assets and activities. That means your insurance needs can change due to numerous factors. As a business owner, you should review your insurance needs based on a schedule and due to specific events.

Annual Review

You should review your insurance coverage annually to account for

• Changes in revenue, inventory, or assets
• Regulatory changes in your industry

Other events that should trigger a review as they occur include:

Business Changes

• New products and services not named in your policy
• New or updated facilities and equipment

First or New Employees

• Workers’ Compensation insurance is required of employers
• Fidelity bonding insurance is needed when employees handle money
• New employees may require additional vehicles

Business Structure Changes

• Incorporating, adding a Board of Directors, or other legal changes
• Mergers, acquisitions, and other structural changes

New Clients and Vendors

• New clients and vendors may have contractual insurance requirements

While many changes require additional insurance coverage, others allow for eliminating or reducing coverage.

Keep Your Insurance Up to Date with Securum LLC

The Securum LLC team serves the personal and commercial insurance needs of those in and near Lynnwood, WA. We will help create or update an insurance plan to protect your business and its assets. Call us today at (206) 315-7984 to discuss your insurance needs.

In the wake of the global shift towards remote work, many individuals transform their living spaces into home offices. As work-from-home becomes more popular, an important question arises: Is your work-from-home setup covered by your home insurance? At Securum LLC in Lynnwood, WA, a leading provider of insurance solutions, we shed light on this increasingly relevant issue. While the convenience and flexibility of working from home are undeniable, the implications for insurance coverage may not be as straightforward.

How Home Insurance Can cover Work From Home

Home insurance coverage typically protects against damages or losses related to the physical structure of a property, such as fire or theft. However, with the increasing prevalence of remote work, it’s crucial to consider how this setup can impact home insurance coverage. While standard home insurance policies may not explicitly cover work-from-home scenarios, additional riders or endorsements can be added to provide coverage for business-related equipment and liabilities. This is particularly important for those running businesses from home, as they may require specialized coverage options to safeguard their professional interests.

Working from home could introduce new risks that traditional home insurance policies may not cover. For instance, if a client visits your home office and gets injured on your property during a work meeting, liability coverage through your homeowner’s policy might not be sufficient to cover potential legal expenses. Therefore, it’s advisable to review your existing policy with an insurance agent to identify any gaps in coverage related to remote work activities. 

Contact Securum LLC in Lynnwood, WA for Homeowners Insurance

The professionals at Securum LLC are here for all of your insurance needs. Contact us today to learn about more insurance options for working from home.

Renter’s insurance is a must if you’re renting your home. It protects you in many ways, and each may be important to you with the risks you face as a renter. If you’re renting, make sure renter’s insurance always covers you. Not only will your landlord require it, but you shouldn’t be left to face many risks without any protection. Renter’s insurance comes at a low price and offers a lot of coverage. To get started with a policy, call us at Securum LLC in Lynnwood, WA.

Possession Protection

Your belongings represent a lot of investment and are worth a lot when you add them all together. That’s why you need renter’s insurance to protect your belongings. When a damaging event happens that costs you your belongings, the policy can pay for them to be replaced. It’s wise to always have this coverage because of the wide range of risks that your belongings pose.

Liability Protection

If someone came over to your home and became injured, you would be liable as the leaseholder. Renter’s insurance protects you against this risk as well. It can pay for the expenses that come due after someone has an accident, such as medical costs and lost wages. It may also include legal fees that could be highly expensive without this coverage. 

Livability Protection

When your home is damaged and you need to live elsewhere until it’s livable again, such as after a disaster, renter’s insurance also covers you. The policy can pay for you to live somewhere else while the repairs are being made to your rented home. This can be an expensive prospect without insurance. 

Get Your Renter’s Insurance 

Never go without renter’s insurance. Call us at Securum LLC in Lynnwood, WA, to find out more. 

No one wants to drive their RV during dangerous winter weather, so most people vacation in their RVs during the summer. While spring and fall are popular months for consumers to take their RVs on excursions, summer remains the top season for RV vacations. Not only is the weather warm during the summer, but most people have time off work during the months of June, July, and August. If you are among the many who take summer vacations in your recreational vehicle, you might wonder if you should purchase extra RV coverage during this time. Here is an overview that could help you decide if it’s necessary:

Is Your Current Coverage Adequate?

You want to ensure adequate RV coverage before considering additional insurance. If you know exactly how much your RV is worth and your coverage meets or exceeds its worth, then your current coverage is adequate.

Do You Only Drive Your RV a Week or Two Out of the Year?

If so, purchasing extra RV coverage could be a waste of money. As long as you have adequate coverage, it doesn’t matter when you use your RV, as there’s no need to overpay. 

If you’re ever in doubt, you could always purchase extra RV coverage during the summer months only to be on the safe side. If you travel a lot in your recreational vehicle during the summer, you’re at increased risk of becoming involved in an automobile accident. If you’re seeking a new insurer and a Lynnwood, WA resident, we at Securum LLC are accepting new customers. We at Securum LLC pride ourselves on the exemplary service and coverage we provide our customers. Contact us today so that we can give you a quote. We provide coverage for Lynnwood, WA, and beyond. 

Insurance add-ons fill in gaps that standard insurance products don’t cover. Learn about some add-ons you may benefit from while your boat is actively being stored.

Boat Storage Types

Before comparing and selecting insurance products, consider the type of storage best equipped for your watercraft. The storage setup that you choose should be easily accessible.

Seek a storage arrangement that will equip your watercraft with the level of security you prefer. Once you have settled on a storage type, begin to review some insurance add-ons.

Specialized Coverage

Specialized insurance coverage protects specific items on your boat. This type of add-on can cover distinctive mechanical materials or decorations.

If any materials are stolen from your boat while it is in storage, the specialized coverage will handle the costs.

True Value Coverage

A boat’s value depreciates each year. A true-value coverage policy will pay the true value of the boat if it is damaged while it is actively stored.

Replacement Parts

An add-on that covers replacement parts will protect spare boat materials while your ship is actively stored.

If any of the parts are damaged or go missing while your boat is stored, you will not be responsible for replacing them. Your policy will handle the needed repairs and replacements.

Contact Securum LLC

Your boat is a big investment. It should be adequately protected when you are operating it or storing it. Reach out to one of our agents at Securum LLC. An agent who serves Lynnwood, WA will prepare your boat insurance policy for you.

For any business owner, safeguarding their investment from loss and unforeseen situations is paramount. Business insurance serves as a practical means to achieve this end. However, like all types of insurance, business insurance has its limits. At Securum LLC in Lynnwood, WA, we are committed to helping business owners comprehend their options and secure the much-needed extra coverage.

Understanding Umbrella Insurance

Umbrella insurance is a secondary type of insurance policy designed to cover incidents that exceed the limits of a primary insurance policy, given these incidents fall within the coverage guidelines. It also acts as primary insurance for events or circumstances not covered by your primary insurance policy as long as these situations meet the coverage guidelines. Simply put, umbrella insurance is your backup coverage that comes into play when your primary policy has maxed out.

Does My Small Online Business Need Umbrella Insurance?

Risk is an inherent aspect of all businesses, irrespective of whether you have an online business or a brick-and-mortar location. Even seemingly minor incidents could exceed your insurance coverage limits and disrupt your business operations—think of a lawsuit, an unexpected loss, or other unfortunate events. With its extensive liability coverage, Umbrella insurance could keep such setbacks at bay. Investing in umbrella insurance would be beneficial if you ever anticipate an event that exceeds your coverage limits.

Contact Securum LLC!

Business insurance is pivotal for your enterprise’s stability and growth, and supplementing it with an umbrella policy maximizes its effect. If you have questions about umbrella insurance and how it could benefit your business, do reach out to us at Securum LLC. We’d be happy to help you explore your options and make an informed decision.

Navigate Washington’s Complex Auto Insurance Terrain with Experts

Navigating Washington’s complicated auto insurance landscape can occasionally feel overpowering. However, with the right guidance from qualified and friendly insurance agents at Securum LLC in Lynnwood, WA, you can conquer this terrain. Let’s look at some essential steps to make your journey easier.

Understand Washington State Law

The first step in understanding car insurance in Washington is to get acquainted with the state’s law. It’s crucial to note that all drivers operating motor vehicles are required to have adequate insurance. Here, adequate insurance may translate to basic liability insurance, offering coverage provisions that safeguard third-party drivers in auto accidents.

Delve into General Liability

Liability-only insurance policies, by design, cover bodily injury, property damage, and medical expense claims in at-fault accidents. However, this coverage extends only to the other driver. As such, this liability insurance does not cover collision costs associated with you and your vehicle.

Enhance Your Coverage with Comprehensive Insurance

Comprehensive and collision insurance, fondly called full coverage insurance, provides extensive insurance coverage for both at-fault and non-fault accidents. It includes coverage for collision and non-collision-related incidents. As a result, Washington’s drivers seeking complete coverage for repair or replacement of their autos due to unexpected perils often invest in comprehensive and collision insurance for all-around protection. Here are a few coverage perks of comprehensive insurance:

• Collisions and Auto Accidents
• Auto Theft and Vandalism
• Property Damage
• Auto Repair or Replacement
• Animal Encounters
• Natural Disasters and Flooding

Engage a Trusted Local Agent

For a comprehensive understanding of your coverage options and how best to protect yourself and other drivers within your household, consider seeking advice from a trusted local insurance agent. Such professionals can guide you through your various policy options considering crucial factors like your driving history, the vehicles you intend to insure, and your budget.

Why not contact a licensed insurance agent at Securum LLC in Lynnwood, WA, and get your personalized auto insurance quote today?

Running a business in the Lynnwood, WA, area can be challenging under ideal conditions, but what happens when a company must close temporarily due to unforeseen circumstances? Companies barely making ends meet risk going out of business if they have to pay weeks of salary, rent, and other expenses with no income. Securum LLC provides local companies with insurance policies that can protect against business interruptions.

Why Business Interruption Insurance?

Many entrepreneurs believe their business operations policy (BOP) will protect them adequately. While many policies will cover some aspects of unexpected closure, they won’t cover employee wages, rent if you must use a temporary location, or income you may lose during this time. Insurance companies do not sell business interruption insurance as a separate policy, but you can use it as an add-on to other protections in your commercial business policy. This provision can make the difference between weathering a temporary storm and going under.

It’s Always a Good Idea

Carrying business interruption insurance is a good idea for just about any business. However, small companies are more vulnerable than larger ones that may have emergency funds for such circumstances. Within small business categories, some are more vulnerable than others, including anyone who relies on a specific physical location or specialized machinery for operation. You should consider adding this protection to your policy if you are one of the following industries:

• Retail stores
• Restaurants
• Pet groomers
• Salons and spas
• Fitness studios

Entrepreneurs can select from several types of business insurance policy add-ons to help protect their companies. The type you need for your company depends on your specific industry, the number of employees, and other factors. Securum LLC, serving business in Lynnwood, WA, will gladly consult with you on the type and level of coverage needed.