Top Types of Insurance for Small Businesses

Safeguard Your Business with Insurance

As a small business owner, you’re likely to have all of the essentials in place: a hard-working team, a location, phones, computers, and promising clients. One essential item that many business owners forget is insurance. Business insurance in Renton, WA is often an afterthought for new and small business owners. However, these insurance policies can protect your budding company.

Fortunately, as a small business, you don’t need to purchase every policy under the sun. Below are the coverages that you should definitely consider!

General Liability Insurance: This provides coverage to protect your business from injury claims, property damages, and advertising claims. Also known as Commercial General Liability (CGL), it may be the only type of business liability insurance you need depending on your business situation! If you have a small business that has especially risky situations (for example, employees using heavy and dangerous machinery), you’ll need to purchase additional coverage.

Professional Liability Insurance: Businesses that provide services will need to consider having this coverage to protect from errors, malpractice, negligence, omissions.

Product Liability Insurance: Small businesses selling or manufacturing products should be protected in the event of a person becoming injured as a result of using the product. The amount of coverage and the level of risk depends on your business type.

Cyber Liability Insurance: Most businesses operate online – whether it’s for storing data, taking clients’ orders, or hosting a website, companies should protect themselves from cyber attacks, hackings, and data breaches. Cyber insurance can help with this form of defense.

Commercial Property Insurance: You’re a business, and you use a property to conduct business. That property is just as at risk as any other property out there. If there’s a fire or natural disaster, you don’t want your entire business inventory to be lost without having something to show for it.

Are you ready to get started? Discuss your options by contacting the team at Humble & Davenport Insurance. Serving Renton, Washington, we can help you with all of your business insurance needs and wants.

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