Congratulations, you have taken the leap and started a business. Did you remember your insurance?
Your situation changes the moment that money changes hands. You get a business license immediately so that you can cover taxes and connect with an insurance policy.
Without special endorsements, your home or renters’ policy will exclude losses of business equipment. If you have customers visit your home, then you are looking at increased exposures that your insurance company needs to know about.
Useful types of business insurance policies
If you are making a delivery and your car insurance is only set up for personal use, then yes the insurance company can deny a claim. Commercial auto policies cover a wide range of exposures.
If you are doing a pop-up, maker’s market, or another short-term store front then an event or vender’s insurance policy will cover needed liability risks and can provide you with a Certificate of Insurance for the landlord/organizing community.
If you a contractor then you want to look at a builder’s risk policy for your job site. Without insurance, a loss can be catastrophic financially.
If digital information is important to your business such as credit card information or customers’ personal data then cyber coverage quickly becomes important.
A business insurance policy is a top priority for a business owner as it protects their business and, in some cases, their personal assets.
It’s important to note that the specific insurance needs for your business may vary depending on factors such as your industry, size, location, and specific risks involved. Consulting with an insurance professional or broker can help you determine the most appropriate coverage options tailored to your business needs. Wenatchee Insurance writes most of our policies in Chelan, Douglas, and Okanogan. We also write for the rest of Washington State as requested.
