Vancouver, WA Insurance
Personal And Commercial Insurance Options For Vancouver Businesses
Vancouver is home to around 79,989 businesses (and counting). From large businesses to small, dedicated individuals are building companies and self-starting LLCs. Building a company takes a lot of legwork and investment. Yet even with all this work, businesses continually face mortal danger.
The most common reason a business fails is a lack of funds or cash flow. If your business has enough money to operate and has a steady income, you're already one step ahead. But one mistake or claim could yank that comfort from under your company's feet. Every year, around 1 in every 12 businesses close.
But fear not! Action Insurance Company is here to help your business thrive by having reliable business insurance to cover you in the event of disaster.
Insurance For Businesses In Vancouver, Washington
Vancouver is the fourth largest city in Washington, with a population around 161,791. This makes it a hub of activity and a great place to start and own a business. Many businesses are required to carry a certain amount of insurance. Yet, these coverages are hardly the tip of the iceberg when it comes to coverage your company needs.
What Does Business Insurance Cover?
When looking for business insurance, consider your industry's specific needs. There are several coverages available for both large and small businesses, including:
- General Liability Insurance: This covers bodily injury and property damage accidents that occur through normal business practices.
- Property Insurance: This covers the actual business structures from such incidents as fire, theft, vandalism, hail and windstorms.
- Business Interruption Insurance: If a disaster halts business operations, business interruption insurance can help cover the income lost during that period.
- Commercial Auto Insurance: Personal auto insurance won't cover vehicles used by and for work-related purposes. Commercial auto insurance can provide liability, comprehensive and collision coverage for company vehicles.
Common Business Insurance Questions in Vancouver, Washington
How much is small business insurance per month in Vancouver, Washington?
The cost of business insurance varies on the industry and size of the business. In Vancouver, businesses are typically considered small if they have less than 500 employees. In general, small businesses may pay $25-$40 a month for general liability insurance.
What are the cheapest insurance Options in Vancouver, Washington?
You may purchase general liability insurance for around $300-$600 a year for a small business. Keep in mind that liability insurances aren't comprehensive. You may also consider bundling coverages with a business owners policy.
What insurance do you need for a small business in Vancouver, Washington?
Small businesses need the same type of insurance as large businesses. Small businesses should consider general liability, property insurance, commercial auto insurance and any other coverages that suit the industry's needs.
Do I need business insurance for my LLC in Vancouver, Washington?
LLCs don’t generally require business insurance, but those with an LLC may want to invest in liability so the business isn't ruined by a claim or disaster.
Why do I need business insurance in Vancouver, Washington?
Every business faces similar perils, no matter the location or industry. Washington requires businesses to carry commercial auto insurance coverage. It's important to protect against any incidents that threaten your business, however.
Call Us Today
Action Insurance Company works with top carriers to protect Vancouver businesses so workers can focus without worry. Call us at (503) 659-1307 today or fill out an online quote form for a business owners policy. This coverage can save you money on your business insurance premium.