Washington Marketing Consultant Insurance Policy Information
Washington Marketing Consultant Insurance. As a marketing consultant, you likely own your own company, which may be a small or medium business where you provide assistance to other businesses and business advice. Perhaps you help with developing marketing plans and objectives, forecasting sales, introductions for new products, pricing advice, or implementation of marketing strategies.
No matter what your skill set in marketing, you are still susceptible to claims against you by third-parties and clients, and for this, you need Washington marketing consultant insurance. Let's look at market consulting insurance and how it can work for your business.
Washington marketing consultant insurance protects your consulting company from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Do You Need WA Marketing Consultant Insurance?
As a marketing consultant, you are responsible for taking care of the needs of your clients. This involves making recommendations, meeting deadlines, and providing services based on your expertise and skills. To protect your business, you must also plan for the unexpected. With a comprehensive Washington marketing consultant insurance plan in place, you provide your business with a buffer from the inherent risks you face.
Marketing Consultants and Risks
Although marketing and consulting both seem like innocuous professions, the truth is that marketing consultants face a variety of perils in their everyday operations. Some of the risks that you encounter on a daily basis include:
- Accidents, such as slips and falls
- Weather-related events, such as damage caused by wind, flooding, hail and other perils
- Fire damage and damage from smoke
- Vandalism and theft of property
- Injuries to employees
- Lawsuits from a variety of sources
- Negligence claims
- Damage incurred by clients
- Errors and omissions claims
A Policy to Meet Your Needs
Working with an independent agent who understands the nuances of WA business marketing consulting work is a good way to find the right level of business insurance for your particular business. Your agent may recommend a business owner's policy, also known as a BOP policy. This type of policy combines major property and general liability insurance into one policy. Agents usually recommend this Washington marketing consultant insurance policy for small or medium businesses in search of insurance that protects them while staying within the confines of their budgets.
A BOP policy includes property coverage, which handles claims arising from damage or loss to buildings, structures and their contents. This includes computers, furniture, office equipment, and more, and it protects your property whether you own it or lease it.
BOP policies usually also contain business interruption coverage. This type of coverage protects your business by providing compensation for any business income lost due to a covered peril or for operating expenses necessary for temporary closing when you experience a loss. For example, if your building is damaged by fire.
Finally, BOP policies also pay for claims that arise from property damage or bodily injuries due to your negligence or the negligence of your employees. For instance, if your client sustains an injury on your premises.
Additional Coverages For Marketing Consulting
Additional endorsements for your policy may also be a recommendation by a licensed WA agent. Some of these include:
- Coverage for computers and media - This type of policy is known as an electronic data processing policy, or EDP. This policy pays for related lost income and data if your business' computer system or network incurs damage due to theft, vandals, malware and viruses. This includes coverage for both computer equipment, hardware and software.
- Cyber liability coverage - If the data stored on your computer system experiences a breach, this coverage kicks in to help cover the financial fallout.
- WA Commercial auto insurance. This protection extends to all vehicles owned by your company, and it pays for injuries or property damage caused by you or your employees when driving these vehicles. This includes both owned and leased vehicles.
- Umbrella coverage - This coverage is a type of bundled policy that includes auto, employer and general liability policies. It extends higher policy limits that go beyond the current limits on your other policies, so if you are hit with a high-dollar claim, your business doesn't suffer.
- Worker's comp insurance - This coverage is likely required by Washington - all non-owner employees must have coverage. It pays your employees' medical expenses and lost income if they are hurt or injured or become sick due to a work-related peril.
Errors And Omissions Insurance
One of the most vital types of insurance to consider as a marketing consultant is errors and omissions insurance also called professional liability. No one is perfect; we're all infallible. We're subject to mistakes and errors. Unfortunately, when you make a mistake when rendering advice or services to your clients, you can be held liable in a court of law, leading to large sums of money given to your client in a judgement.
With errors and omissions insurance, this worry is lessened, since this type of policy can cover any award and help with legal expenses to defend you in court. It can also cover your employees and any negative consequences that result from errors they make. Even if the claims against you are unwarranted, you should still carry this type of policy, since our society is a litigious one and unfounded claims are a fact of life.
Marketing Consulting Coverage
Getting your own personalized quote for your business' Washington marketing consultant insurance is simple and easy. Talk to your licensed independent agent. Your agent understands the needs of your business and can make valuable recommendations to help you select the right coverage, the best type of policies, and any bundled policies that can save your business money.
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 Advertising, Marketing & Media Insurance
Learn about small business media liability insurance - a specialized form of professional liability insurance that provides protection for legal claims brought by third parties.
- Advertising Agency
- Call Center
- Graphic Designers
- Market Research Firm
- Marketing Consultant
- Public Relations
- Search Engine Services SEO
- Social Media Consultant
Media operations are fast-paced businesses with unique property and liability insurance exposures. They depend more and more on computer systems and up-to-date software programs. These businesses usually have extensive contracts with both freelance individuals and corporations.
In addition, personal injury liability and confidentiality issues must be addressed. Insurance coverage for these concerns must be as comprehensive, flexible and responsive as the organization seeking it.
Advertising and Media Liability Insurance provisions are not standardized, so it is critical to carefully review a particular form's basic features and available coverage options. While some carriers offer coverage on an open perils basis, most will provide coverage only on a named perils basis.
The named perils generally include coverage against allegations involving defamation, disparagement of an individual's reputation, product disparagement, invasion or infringement of the right of privacy, infliction of emotional distress, plagiarism, piracy, infringement of copyright, trademark, or other intellectual property, newsgathering torts such as trespass and assault, unfair competition with respect to other covered communication perils, and errors and omissions.
Coverage can be written on a claims-made basis or on occurrence-based forms. The occurrence basis affords additional protection to the insured as coverage is provided for a claim or event occurring during the policy period, even if the coverage expires or is cancelled or nonrenewed.
Most media liability policies provide a Limit of Liability per event, plus an Aggregate Limit of Liability for all events covered during the policy term. Some carriers now offer coverage without requiring an Aggregate Limit of Liability. Such a policy is an advantage to the insured as this eliminates the fear that the policy limits will run out before the policy expires.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Bailees' Customers, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Professional and Advertising Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Special Floater, Cyber Liability, Employment-related Practices Liability, Business Automobile Liability and Physical Damage, Foreign Automobile Liability and Physical Damage, Foreign Workers Compensation, Repatriation Expense and Stop Gap Liability.
Request a free Washington Marketing Consultant insurance quote in Aberdeen, Anacortes, Arlington, Auburn, Bainbridge Island, Battle Ground, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Burien, Burlington, Camas, Centralia, Chehalis, Cheney, Clarkston, College Place, Covington, Des Moines, DuPont, East Wenatchee, Edgewood, Edmonds, Ellensburg, Enumclaw, Ephrata, Everett, Federal Way, Ferndale, Fife, Gig Harbor, Grandview, Hoquiam, Issaquah, Kelso, Kenmore, Kennewick, Kent, Kirkland, Lacey, Lake Forest Park, Lake Stevens, Lakewood, Liberty Lake, Longview, Lynden, Lynnwood, Maple Valley, Marysville, Mercer Island, Mill Creek, Monroe, Moses Lake, Mount Vernon, Mountlake Terrace, Mukilteo, Newcastle, Oak Harbor, Olympia, Othello, Pasco, Port Angeles, Port Orchard, Port Townsend, Poulsbo, Pullman, Puyallup, Redmond, Renton, Richland, Sammamish, SeaTac, Seattle, Sedro-Woolley, Selah, Shelton, Shoreline, Snohomish, Snoqualmie, Spokane Valley, Spokane, Sumner, Sunnyside, Tacoma, Toppenish, Tukwila, Tumwater, University Place, Vancouver, Walla Walla, Washougal, Wenatchee, West Richland, Woodinville, Yakima and all other cities in WA - The Evergreen State.
Also learn about Washington small business insurance requirements for general liability, business property, commercial auto & workers compensation including WA business insurance costs. Call us (206) 801-0021.