Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Washington Facility Support Services Insurance
Washington Facility Support Services Insurance. As a facility support services professional, you are dedicated to ensuring that the mission-critical facilities of your clients operate at peak efficiency every day of every year. You have the knowledge and expertise to ensure equipment reliability and uptime in data centers, network operations centers, communications facilities, POP sites and SCIF facilities.
You want to provide support operations within your client's facilities with minimum interruption, so get Washington facility support services insurance coverage for any unexpected risks coming along the way.
Washington facility support services insurance protects your business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
What Coverages Does Facility Support Services Insurance Provide?
Every facility support services firm has its own unique services that need protection. Washington facility support services insurance presents a comprehensive package that can meet your insurance needs. With the various policies included, you will have the "deep pockets" you need to cover a claim without jeopardizing your firm or your bank account. Following are some of the major coverage types:
General Liability Insurance: No matter the services you provide or how carefully you work, there are certain risks you expose your business to when you staff are working with clients each day. Thanks to the ever-growing reliance on the courts to settle disputes, there is no such thing as a small accident these days. Anyone can be sued; regardless of the safety measures you have in place to prevent accidents on your clients' premises. General liability insurance can protect your firm from financial devastation arising from events you could be liable for.
Worker's Compensation Insurance: Workers comp is required in most states by law for any non-owner employees. It is also usually contractually required by your clients.
You rely on the help of your staff to make sure your facility support services firm runs smoothly. From the receptionists who handle your appointments to the staff working at your clients' premises, your employees help make your business a success. WA workers comp coverage can pay out for medical bills, loss of work, and other fees incurred to your employees if they are injured on the job.
Business Property / Contents: Usually written on an "all risk" basis, this Washington facility support services insurance covers your normal contents, furniture and fixtures, as well as supplies and specialized work equipment. In most cases the coverage is written on a "Replacement Cost" basis, so current pricing always needs to be considered.
Employment Practices Liability Insurance: EPLI insurance provides the protection you need should one of your employees allege any number of employment practice violations. These violations include race, age or gender discrimination, sexual harassment and wrongful termination. EPLI is essential coverage in today's litigious workplace.
Employee Dishonesty Insurance: The facility support services industry comprises establishments primarily engaged in providing operating staff to perform a combination of support services within a WA client's facilities. Employee dishonesty insurance offers coverage against direct physical loss of personal property, including money caused by the dishonest acts of your employees.
WA Commercial Auto Insurance: Even if you do not own business vehicles, your staff may use their auto on your behalf (such as going to the bank, store, clients, etc.) which generates the need for automobile insurance. With this non-owned auto policy, employers ascertain that they are also protected from liability that stems from employees that may use their own vehicles for any errand of your clients. Generally, you need this Washington facility support services insurance policy if:
- If you use your auto to conduct your services.
- You need higher limits of liability then a personal policy offers.
- Haul a considerable weight in tools or equipment used to conduct your business.
- Employees operate the auto or if ownership is in the name of your firm.
Hired Auto - Provides protection for legal liability arising from the use or maintenance of a hired auto.
Cyber Liability: No person or organization is immune from a data breach, regardless of size or even the sophistication of their security. Washington facility support services insurance has an optional cyber liability endorsement that is designed to protect you from losses related to data breaches and cyber-attacks.
Business Owner's Policy: A Business Owner's Policy (BOP) protects your business in much the same way that a homeowner's insurance policy protects your home and personal possessions. By combining two of the most critical coverages for small business - Business Liability and Property - a BOP can save you money while safeguarding everything you've worked so hard to build.
WA Facility Support Services Insurance
WA facility support service providers face special challenges when looking for the right insurance provider because each service whether janitorial, maintenance, trash disposal, guard and security, mail routing and other logistical support, reception, laundry or else presents unique risks. Facility support services insurance is very important because it's tailored to fit your specific needs so that you won't be overpaying for something you're not required to have, or missing any kind of coverage that's absolutely essential.
Washington State Economic Outlook & Business Insurance Requirements
For anyone who is thinking about starting up a business, it is important that they choose a location that suites the industry that they wish to work in. With that said, in order to determine whether or not a location is the right choice for your business, you should have an idea about the state's economic status. You should also have an understanding of the WA state regulations related to the types of commercial insurance that you are required to carry.
If you are thinking about starting up a business in the State of Washington, below, we offer some insight into the state's economic status. We also offer a glimpse at the WA insurance requirements that business owners must abide by.
State Of The Economy In Washington
Washington state may be famous for its gloomy weather, but when it comes to the economy, things here look bright. The economic outlook for Washington is healthy. It is expected that there will be more jobs added in the 2019 calendar year. There will be an increase in the productivity of labor. There will also be an increase in the state's unemployment rate during the year 2019, with a forecasted rate of 4.7 percent.
Washington is regarded as one of the top for businesses in the nation. In fact, it is listed at the 11th best state for business by Forbes. The industry that is expected to see the most growth are related to STEM (science, technology, engineering, and math). Among the top industries in this state include information technology. Education, healthcare, finance, and travel and tourism also contribute largely to the awesome economy of this state.
Commercial Insurance Requirements In WA
The Washington State Office of the Insurance Commissioner regulates the insurance industry in WA. Businesses are legally required to carry workers' compensation insurance. This type of coverage is required for any business that employs either hourly or salaried employees, and either part-time or full-time employees. You are also required to carry commercial auto insurance if you use a vehicle to conduct any type of business in this state. That means that if you are using a car to transport goods, make deliveries, or meet with clients, you must carry business auto insurance.
While commercial general liability insurance is not required in Washington, it is highly recommended. This type of insurance offers protection from lawsuits and other legal fees that may arise.
Additional Resources For Miscellaneous & Non-Profit Insurance
Find informative articles on miscellaneous businesses including the types of commercial insurance they need, costs and other considerations.
- Agriculture, Forestry, Fishing & Hunting
- Bail Agent
- Control of Well
- Employment / Staffing Agency
- Engraving Business
- Facility Support Services
- Mail Order
- Oil And Gas Lease
- Parking Lot
- Personal Concierge
- Photofinishing Lab
- Private Water Districts
- Process Server
- RV Parks & Campgrounds
- Unmanned Aerial Vehicles (UAV) Drone
- Wedding Planner
An insurance contract is an agreement where one party obligates itself to make good the financial loss or damage sustained by a second party when a designated event occurs. The event must be fortuitous and happen by accident. The named insured must have insurable interest at the time of loss. One final point is that in order for any contract to be considered insurance, there must be a risk of loss.
Fortuitous Event - An occurrence largely beyond the control of any involved party; happening by chance; accidental; for example: fire, lightning, windstorm, explosion or flood.
Insurable Interest - In order to recover from a loss to property, the holder must have an insurable interest in the property at the time of the event or occurrence. An insurable interest is any right, title or interest in property where the holder of that right, title or interest sustains financial loss if the property is damaged or destroyed. Any lawful and substantial economic interest in the safety or preservation of the property from loss, destruction or damage also constitutes an insurable interest.
An entity does not have to be the property owner to have an insurable interest in it. Examples include, but are not limited to, mortgagees, trustees, vendors, lessees and bailees. Insurable interest for any entity must exist at the time the loss occurs.
Risk Of Loss - If property could never be destroyed, there is no risk of loss. If property must necessarily disintegrate or be destroyed, there is no risk of loss. Between these two extremes is the exposure of risk that can be insured.
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.