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What type of insurance do you need?
They understand your risks and will find you the coverage you need.
Business insurance is designed to protect your company against financial losses brought about by hazards such as severe weather, property crimes, and liability lawsuits. This insurance can prove quite beneficial as is evidenced by the fact that in 2019 alone, businesses in Washington, DC, collected approximately $750 million in insurance claims.
A local independent agent can help you build a business insurance plan that is customized to meet the specific needs of your business.
Liability lawsuits against businesses can be quite expensive. In addition to potential damages brought about by large judgments, there are costs related to legal fees, court costs, and employee time off for the purpose of testifying. All this can really add up for a business that doesn’t have the right liability insurance coverage.
Take for example customer slip & fall injuries. These rather common types of injuries cost businesses an average of about $20,000 per incident.
Here are some other common hazards American companies have been using their business insurance to cover.
Businesses insurance is designed to pay for losses, damage, and other expenses associated with a multitude of covered events so that your company doesn’t have to.
For example, if your inventory is damaged, if a customer files a liability lawsuit, or if an employee is severely injured on the job, so long as you have the right business insurance coverage in place, you won't have to worry about the related expenses will affect your company’s bottom line.
Here are some of the things you can expect a well-built business insurance policy package to do for your business.
In many cases, the business policies mentioned above are not enough to fully cover businesses against all of their exposures.
Fortunately, there are many more commercial insurance products and options available, so with the help of an independent insurance agent, you can find the policies you need to mitigate all of risks may cause financial harm to your business.
A business insurance policy in and of itself is not required by law. However, certain types of coverage that are typically included in most business insurance policy package may be required in some instances, such as the following.
To learn more about coverage that you may need to carry, you can talk with a local independent insurance agent.
Commercial insurance premiums are calculated using a number of factors including, but not limited to the following.
Business coverage needs can vary significantly by industry, so it is best to consult an experienced insurance agent when you are working to build comprehensive, yet affordable, policy package for your company. These agents can help you make sure that you are getting the right coverage for each of your company’s potential exposures while avoiding purchasing policies your business does not need.
Also, because independent agents are able to work with multiple insurance providers, they can search for the best price for each type of coverage you need. Sometimes this means that they to get the best price is by having a coverage portfolio that includes policies from several different insurance companies. Don’t worry. You will still only have one point-of-contact with your local independent agent.
Yes! There are more than 25 independent insurance agents located in Washington, DC. These agents are ready to help you find the best and most affordable coverage for your business.
Independent insurance agents can work with several different insurance providers to find you build a comprehensive and competitively priced business insurance portfolio. Contact an insurance agent near you to discover how much time and money you can save by working with one of these experienced insurance professionals.
Number of businesses in the US: 27,626,360
Burglary rate per 1,000 residents in the US: 3.76
Auto theft rate per 1,000 vehicles in the US: 2.29
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