There are many types of businesses, each using the tools and processes needed to succeed. Likewise, you can ensure you have the insurance coverage that fits your business through a conversation with a qualified insurance agency like the Securum LLC team serving the greater Bellevue, WA community.
Types of Commercial Insurance
While every business has unique commercial insurance needs, your insurance package should cover what your business owns and your business’s liability when it is responsible for losses and injuries to others. Depending on the nature of your business, you should consider the following basic forms of commercial insurance:
- Commercial Property: Fire, smoke, wind, and vandalism
- Cyber Insurance: Data breaches, cyber-attacks, and similar issues
- Commercial Automobile: Vehicles and trailers in business use
- Commercial General Liability: Bodily injury, property damage, medical expenses, and similar losses on your properties or due to your products and services
- Errors and Omissions / Professional Liability: Malpractice, errors, and negligence on your part
- Workers Compensation: Employees who are injured or become ill while working for your business
- Commercial Umbrella: Losses exceeding the policy limits of your standard policies
Small businesses can consider a Business Owner’s Policy (BOP) which bundles several types of coverage and is simpler. Likewise, some home-based businesses can add a rider to their homeowner’s insurance to cover business equipment and third-party injuries.
While there are many types of businesses and commercial insurance, your coverage should meet your business’s legal and contractual obligations while ensuring you are comfortable with your risk exposure.
We Are Here To Help
Securum LLC proudly serves the business community in Bellevue, WA and can structure coverage to protect your business against unforeseen events. Please stop in or call us today to discuss your commercial insurance needs and options.
