Choose The Hartford for Your Washington Business Insurance Needs
The Evergreen State had 555,285 small businesses in 2013. The 1.3 million employees employed by these small businesses comprised 51.7% of the Washington state workforce. These small businesses make up 98% of companies in Washington.1 Washington Business insurance is essential for each of these companies. We invite Washington businesses to consider The Hartford for their insurance needs; we’ve been insuring businesses for nearly 200 years. Learn how The Hartford can protect your business in the state of Washington.
Types of Washington Business Insurance Offered
Washington Business Owner’s Policy
A Washington state Business Owner’s Policy (BOP) can be tailored to meet the unique needs of your Washington business. A BOP combines business liability insurance coverage with business property insurance. A business owner’s policy can help protect your Washington business from the costs of things like fire damage, theft or other covered disasters. A BOP will also help cover claims involving bodily injury, advertising injury, and property damage, all of which may arise from your daily operations. Consider a BOP from The Hartford if your Washington state business:
- Has a physical location (an office or a home) that is rented or owned.
- Has the potential to be sued, for example, by a customer who was injured in your workplace.
- Has assets that can be stolen, damaged or destroyed – this includes both physical assets such as furniture or equipment and digital assets like customer data.
Washington Workers' Compensation Insurance
Did you know that under Washington State law you or your business could be liable for the unpaid workers’ compensation premiums of any business you hire or contract with?2 Workers’ compensation insurance in Washington is only available through the state run fund and cannot be purchased from private carriers. Sometimes referred to as workmans’ comp insurance, it provides benefits to employees for work-related illnesses and injuries including medical care, wages from lost work time due to a covered illness or injury, and more. Workmans’ comp insurance may also provide a deceased worker’s family financial benefits and can cover related legal fees if a worker’s family makes a claim. Workers’ compensation insurance can protect your Washington state small business and its employees in many events. For example:
- An employee trips on a torn carpet in the break room and requires an emergency room visit to diagnose her broken arm.
- An employee hurts his back carrying office supplies to the copy room, requiring a doctor’s attention and physical therapy.
- An employee returns from a client meeting, is injured in a car accident and requires hospitalization.
Washington General Liability Insurance
General liability insurance coverage helps protect your Washington state business from property damage claims, personal or advertising injury claims and bodily injury claims that can put your business assets at risk. General liability insurance helps protect you and your business if for example, a customer injures himself in your store and his injuries result in expensive medical treatments and bills or if while on the job, your employee accidentally damages a customer’s property and the repairs are costly. Commercial general liability can help protect against:
- Property damage or bodily injury to others
- Damage to premises rented to you
- Advertising errors
- Reputational harm
- Medical payments
For higher hazard liability exposures, The Hartford offers a Specialty General Liability coverage that includes underwriters, risk engineering consultants and liability claims specialists who have deep experience in hard-to-place products and premises risks.
Washington Data Breach Insurance
Data breach insurance and cyber liability insurance helps cover the costs related to a data security breach for things like public relations and crisis communications support, legal counsel fees, identity protection solutions and more, depending on coverage selected. It is essential to have data breach coverage in place before an emergency. This way if you are victim to a cyber-attack, quick action can be taken to help restore the public’s confidence in your business. Two reasons The Hartford is the choice for your Washington business when it comes to cybersecurity insurance include:
- The ability to help you prepare your business for a data breach, before any data has been compromised. Our team can help your business prepare by advising you on security measures and policies you can put in place before there is an incident.
- Quick responses in the event a data breach occurs. Businesses must respond immediately to minimize the impact of a data security incident to their customers and business.
Washington Minimum Business Insurance Requirements
Washington state employers must provide workers’ compensation coverage for their employees and other eligible workers. There are two ways to provide this coverage. Most businesses participate in the state’s workers’ compensation program. Companies with at least $25 million in assets, and some governmental entities, may qualify for self-insurance.3 Businesses in the construction trades must be registered as contractors, which requires bonding and insurance. Be aware that even marketing as or bidding for a construction job requires that you be registered as a contractor.4
Additional Washington Business Insurance Links
- Commercial Auto Insurance
- Business Income Insurance
- Commercial Flood Insurance
- Commercial Property Insurance
- Commercial Umbrella Insurance
- Data Breach Insurance
- General Liability Insurance
- Surety & Fidelity Bonds
- Home-Based Business Insurance
- Employment Practices Liability
Get a quote on Small Business Insurance for your business today.
1 1 https://www.sba.gov/sites/default/files/advocacy/Washington.pdf