If your company is based in Washington, then you’ll need to understand the state’s business insurance policies. Basically, business insurance is an umbrella term that covers all sorts of incidentals. If you run a brick-and-mortar business, you’ll want to include special coverages in your policy. Other common business insurances include automobile, general liability, worker’s compensation, cyber liability, and business interruption. You overall premium will be decided based on your claim history, location, revenue, number of employees, and specific policies.
- Business insurance is meant to cover any of the incidents that can happen in your business
- You will most likely get coverage for many things bundled into one plan
- Read on to learn about coverage for different areas of business and how companies offer insurance
“Business insurance is different than other types of insurance because it’s a fairly broad term that applies to a wide range of coverages and policies”