Commercial Insurance

Whether you operate a home-based business, a stand-alone shop, or a larger enterprise, maintaining the appropriate level of coverage for your commercial establishment should be a top priority in your business planning. The Schultz Agency offers a variety of policies tailored to the commercial insurance needs of companies of all sizes.

Coverage Considerations

Factors that Affect Coverage

When selecting Washington commercial insurance coverage, three crucial factors determine the pricing and selection of policies available:

• Type of commercial establishment
• Longevity of operation
• Any claims history

A professional at the Schultz Agency will discuss the best way to secure commercial coverage that meets your liability and personal coverage requirements.

Depending on the type and size of the business you operate, various coverage endorsements may apply beyond a standard Washington commercial general liability insurance policy:

• Property: This insurance covers your equipment, inventory, and building. If you lease, your landlord has responsibility for covering the building.
• Liability: Provides coverage for you in the case of property damage or personal injury.
• Commercial auto: Adds a level of protection for vehicles used in your business.
• Business interruption: Useful in circumstances that require the business to close for a period.
• Umbrella: Excess liability policies offer additional protection after enduring a significant loss.
• Other areas: There may be additional options for life insurance, employee health insurance, and flood insurance. Commercial insurance policies generally do not cover flooding damage, though options exist through the National Flood Insurance Program.

Home-Based Businesses

If you operate a business in your residence, your homeowner policy does not necessarily extend coverage to your commercial activities. However, options allow you either to add a rider to your homeowner coverage or establish a separate commercial policy that protects your inventory, computers, valuables, liability, and other areas.

Meeting Your Coverage Needs

Contact the Schultz Agency today to learn about the policy that will best meet your commercial establishment's needs.