If you run or are thinking of running a business in Washington, you're not alone. Perhaps inspired by Amazon and Microsoft which list our state as their home base, businesses owners of all types open their doors every day. Unfortunately, many shutter as well. This dichotomy is reflected throughout the state. While it ranks among the top twenty states in which to start a business, thanks to a high percentage of available employees and a stable productivity rate, Washington also has the lowest survival rate.
One of the biggest reasons for business failure is financial mismanagement. And if your budget is a tight one, even the smallest of unanticipated costs can sink the business. For this reason, we at The Heuman Insurance Agency emphasize to our business clients the importance of carefully weighing their commercial insurance needs in order to shield themselves from the financial devastation that can follow the loss of property, workplace accidents, or lawsuits.
The first type of insurance businesses should look at is commercial general liability insurance. It will protect them should a customer or client suffer bodily injury due to a fall on their premises, or one that can be attributed to one of their products. Liability insurance also extends to property loss that one of your employees may inflict while performing a service or making a delivery.
Depending on the type of business, there are other types of advice we offer our clients. For example:
Whether you have a new business or one that's been in your family for generations, we invite you to visit The Heuman Insurance Agency, so we can discuss your business operations and find your best coverage options. Contact our office to speak with an agent and have your questions answered.