When you own a business in Washington, there are two main types of commercial insurance that you must have for most jobs. If your business has any number of employees and/or owns a vehicle, there are required insurance policies in Washington. If your business needs commercial insurance, contact us at Securum LLC in Bellevue, WA.
Workers’ Compensation Coverage
In Washington, any business with employees, even part-time workers, must be covered by workers’ compensation insurance. This coverage pays for an employee’s medical bills if they are injured or get sick while at work. It can also be used to pay an employee’s lost wages after being injured or getting sick. There is a state fund for this insurance in Washington, and business owners have to buy their workers’ comp coverage from the state.
Commercial Auto Coverage
If your Washington business owns a vehicle of any kind, it has to have a commercial auto insurance policy on it. This insurance policy must contain a specific amount of bodily injury liability coverage for an injured person in an accident. It requires another amount of coverage for everyone’s bodily injury liability for the entire accident. It also requires that you have a certain amount of property damage liability. If you have a personally owned vehicle that gets used by the business, it’s important not to insure it with a personal insurance policy. It should have a type of policy called hired and non-owned. If it is covered with a personal policy, it may not pay out in the event of an accident.
Contact Us Today
If your business needs commercial insurance, call us at Securum LLC in Bellevue, WA.
