What types of insurance do I need for my small business?

Having the right insurance coverage is essential for any small business in Washington. Different types of insurance are available to protect your business from potential losses. General liability insurance can protect your business from third-party claims such as bodily injury, property damage, and personal and advertising injury claims. This coverage can also help protect your business from reputational harm caused by slander and other malicious acts. Professional liability insurance, also known as errors and omissions coverage, can protect you from claims related to your professional services. This type of policy can cover you if an allegation is made that you provided a service that did not meet the expected standards. Business property insurance can protect you from loss or damage to your physical assets such as office equipment, inventory, and furniture. It can also provide coverage for business interruption if your operations are disrupted due to a covered event. Finally, workers compensation insurance is required in Washington if you employ other people. This type of insurance can cover medical and disability expenses if your employees are injured on the job. Having the proper insurance coverage can help protect your business from potential losses. Make sure to review the specific coverages for each type of policy to ensure that the coverage is sufficient for your business.

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What types of insurance do I need for my small business?

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