Washington Owners Insurance

Washington Business Owners Package Insurance

Properly insuring your business involves a wide variety of coverages and
can mean purchasing a number of different policies. Fortunately, most small
and even medium sized Washington business owners can cover
themselves by purchasing a package policy known as a Business Owner's
Policy or BOP. A BOP is known as a package policy because it combines a
variety of commonly needed coverages into one. It is similar to your
homeowner's policy which combines a comprehensive liability policy with a
variety of property coverages. Also, like a homeowner's policy, it can be
customized to broaden the coverage in areas you need.

Liability Coverage In Your BOP

The Liability Coverage in a BOP is very similar to what you will find in a
General Liability policy. Because of its package "one size fits all" nature, a
BOP is more limited in its coverage than what is available in a stand-alone
policy. Even so, the average Washington small business should be able to
purchase $1 million to $2 million limits. Not all policies are created equal,
however, so be sure and read the policy and work with your agent to make
sure that any special exposures your business faces are covered. If not, the
insurance company may offer the additional coverage as an add-on to the
BOP, or you may need to purchase it separately. One example of a
coverage that is typically not included in a BOP is Professional Liability
coverage.

Property Insurance Coverage In Your BOP

Most of the basic property insurance coverage will be included in the BOP,
including the real property, equipment, inventory, etc. You should also be
able to include Business Interruption Coverage and basic Employee
Dishonesty Coverage in your Business Owners Package. Certain business
risks may need to be purchased separately like Product Liability. In addition,
if your Washington business depends on specialized equipment, like a dry
cleaner, the basic coverage in a BOP may not be sufficient.

Special BOP Programs

If you own a common, main-street type of business such as a retail store or
a dry cleaner, there may be a BOP that is designed specifically with your
business in mind. Check with your Washington trade association for
insurance recommendations. Insurance companies frequently target
specific types of business. If your business is one of their targets, you could
find a package designed with your business in mind at a very attractive rate.

Why Buy a BOP

If your Washington company qualifies for a BOP - usually meaning you
do not have more than 100 employees and have gross revenues below
$1 million to $2 million - there are advantages. Perhaps most importantly,
by having all of your basic coverages included in the package, there is
much less chance of there being a gap in your coverage. When you
purchase separate policies from separate companies, it is not
uncommon to find duplicate coverage in some areas and gaps in
coverage elsewhere. A BOP is a great place to start and can be the
foundation of your insurance plan. It will probably not provide you with
100% of what you need, however.

Click on the link below to fill out a quote request form for a Washington
Business Owners Package insurance plan, that regardless of whether
you're a large employer or a small business, will provide exceptional long
term disability insurance coverage for your businesses most important
asset...your employees. Or you can speak with our Washington Business
Owners Insurance specialist at 888-202-9921 to discuss the features.

Click here to fill out a

Washington Owners Insurance

quote request form

We are a local Seattle, Washington area insurance agency, offering comprehensive
business owners insurance coverage plans to businesses in the following cities and
counties: Mill Creek, Lynnwood, Alderwood Manor, Mountlake Terrace, Brier, Lake
Forest Park, Sheridan Beach, Woodinville, Hollywood, Woodway, Bothell, Maltby,
Clearview, Monroe, Cathcart, Snohomish, Everett, Lake Stevens, Redmond, Yarrow
Point, Clyde Hill, Medina, Mercer Island, Eastgate, Hazelwood, Kirkland, Shoreline,
Edmonds, Mukilteo, Marysville, Tulalip, Bellevue, Sammamish, Bremerton, Renton,
Fairwood, Coalfield, Bryn Mawr, Skyway, Newcastle, White Center, SeaTac,
Issaquah, Riverton Heights, Tukwila, Normandy Park, Kent, Des Moines, Federal
Way, Auburn, Tacoma, Burien, Kingston, Port Gamble, Hansville, Sultan, Startup,
Gold Bar, Bainbridge Island, Port Blakely, South Beach, Kitsap County, Snohomish
County, Pierce County, and King County, WA.

**The information, pictures, and other content in this website about particular
insurance services is only provided for informational purposes. Any decisions
regarding your insurance needs should be discussed with a licensed
insurance agent.