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Coverage Options

Getting to know you is our goal, so stop by or phone us to discuss your particular insurance needs. We are now licensed in Oregon and California for our multi-state clients. For more information, click on the Coverage Menu links in the right column to learn more about the protection Islanders Insurance can offer.

Auto Insurance

The right auto insurance policy can help get you back on the road quickly if your car is damaged or destroyed by accident, fire, theft, or other covered event. Your policy also provides protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.

Remember, once an auto policy is issued, it is a reflection of your needs at that point in time.  You should have regular reviews of your coverage as your life situations change.  State required minimum liability limits have not changed for over 30 years but that does not mean your needs have not changed.

An auto insurance policy is a contract between you and an insurance company. You pay a premium, and in exchange, the insurance company promises to pay for specific car-related financial losses during the term of the policy. Work with one of our experienced agents to determine the best coverages for you.

Motorcycle Insurance

If you live in Washington, Chances are we cover what you ride. Islanders Insurance insures a full spectrum of motorcycles from street cycles, Harley Davidsons, cruisers and touring bikes to dirt bikes and ATVs.

CREDITS AND DISCOUNTS

One of the great advantages of having your motorcycle coverage through a carrier like Safeco is that you may save money by having more than one policy with us. Our agency will be able to help calculate how much money you can save. You also may be able to save money on your premiums if your motorcycle is stored in a garage, if you belong to certain rider groups, or if you have taken a safe rider course sponsored by the Motorcycle Safety Foundation. Call us today for more information!

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT MOTORCYCLE INSURANCE

Your motorcycle insurance can include any or all of the options below – call us today to discuss what coverage is best for you.

CUSTOM PARTS AND EQUIPMENT

If you select custom parts coverage, you will receive up to $3,000 in coverage without any additional cost to you. Coverage is available for up to $10,000 in custom parts and equipment.

ROADSIDE ASSISTANCE

Your policy can provide you with a roadside assistance benefit of up to $300 per breakdown.

LIABILITY COVERAGE

You can pick the motorcycle insurance coverage that fits your needs. Safeco offers underlying liability limits high enough to satisfy Personal Umbrella requirements, which means that you may be eligible for this additional coverage. In most states, Guest Passenger liability (mandatory on all street bikes) is automatically included at the same limit as your liability selection. Check with your agent to determine your specific coverage.

MEDICAL COVERAGE

This coverage provides for certain necessary medical expenses for you and any passenger that are the result of an accident.

UNINSURED/UNDERINSURED MOTORIST COVERAGE

This coverage typically pays for expenses associated with injury or death from an accident caused by an uninsured, underinsured, or hit-and-run driver. It also covers you if you are hit as a pedestrian.

Clasic Car Insurance

It takes more than age to make it a classic. A collector car isn’t just a way to get around. It’s an investment that will continue to appreciate in coming years.

NEED THE RIGHT INSURANCE FOR YOUR PRIZE MUSTANG, CAMARO, CHARGER, CORVETTE, THUNDERBIRD, OR OTHER COLLECTOR CAR?

Not all classic or antique cars are used the same, so we will work with you to select the appropriate policy to accommodate coverage needs, miles driven, vehicle age, and vehicle modifications to make sure you have the best policy to meet your needs. Talk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your insurance continually meets your needs.

How much auto insurance is enough?

Auto insurance blends several types of coverage into one policy. Typically, your policy will include some combination of comprehensive, collision, medical, liability and uninsured motorist coverage.

WASHINGTON – HOW MUCH AUTO INSURANCE IS RIGHT FOR YOU?

Every person is unique – it depends on your specific situation. To calculate coverage, consider: Liability pays for the damage you cause to others if your car is involved in an accident. It also protects you from being wiped out financially if you are sued following an accident.

The greater your assets, the more you stand to lose. If you have substantial financial resources, you may need liability coverage that exceeds the coverage that you’ll get from an auto insurance policy. In that case, a Personal Umbrella can provide the extra liability protection you need.

Collision covers damage to your car from an accident. We can help you decide whether or not to carry collision coverage by balancing the cost of collision insurance with the value of your car. It might not be worth paying $200 a year for collision insurance on a car that’s worth only $1,000. But if the car is worth $10,000, you probably want this coverage. Comprehensive coverage pays for your car if it is stolen, vandalized or damaged in some way other than in a collision. Medical coverage provides for medical expenses to you and your passengers that are the result of an accident.

What you use your car for may make a difference in the amount of coverage you need. For example, we might suggest more coverage for a parent who regularly takes a carload of kids to soccer practice than for a driver who expects to drive mostly alone. Keep in mind that Washington can require certain minimum levels of coverage. The right coverage for you is unique – Talk with us today to find out how to get the best price and value on auto insurance for you.

Homeowners Insurance

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. We can help you find the insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

INSURANCE FOR ALL KINDS OF HOMES

Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today!

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT HOMEOWNERS INSURANCE

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you. Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

TYPES OF HOMEOWNERS’ COVERAGE

  • Structural – Covers damage to your home or dwelling.
  • Personal Belongings – Covers damage to items in or on your home or dwelling.
  • Liability Protection – Covers your legal responsibility for injuries or damage to other people or property.
  • Additional Living Expenses – Covers costs for temporary housing, meals, etc., while your home is being restored or rebuilt.

Structural and Personal Belongings coverages are available on an actual cash value (ACV) basis or at full replacement cost. ACV coverage considers the current market value of an item based on its age and condition. So, if you purchased a television for $400 four years ago, the value today would be significantly less than it was when you purchased it. ACV coverage would depreciate the item’s value to determine the current value. Full replacement cost considers the current cost to replace an item.

PROTECT THE THINGS THAT MATTER TO YOU

Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part. Every home is unique – Talk with us today to find out how to get the best price and value on homeowners insurance for you.

Renters Insurance

You have a lot of things that are important to you – from your clothes and furniture to your sound system, sports gear, and computer. And you want to feel confident that everything you’ve worked for is not at risk. Let us help you find coverage options that protect you, your family, and your personal property.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT RENTERS INSURANCE

You can choose to include personal property protection in your policy, which can travel with you wherever you are in the world. Some policies will even pay the full replacement cost of your things that were damaged or stolen without deduction for depreciation, up to the limits and deductibles you select.

PROTECT YOURSELF AND YOUR GUESTS

Your renter’s insurance policy can protect you and your family against bodily injury, property damage claims, and litigation up to the limits you select. And if a visitor is injured in your residence, or by you or a household member, a policy can pay covered medical expenses, up to the limits you select.

GET THE RIGHT AMOUNT OF COVERAGE AT THE BEST PRICE

Whether you’re starting out, between homes or downsizing, we will help you pick the renters insurance coverage that best fits your needs. Ask about discounts for burglar alarms, and for having multiple policies, like your renters and auto insurance both with Safeco.

Extra Coverage Doesn’t Have to Cost a Lot – We can also recommend other coverage that you may want to add to your renters insurance policy. Many people supplement their renters insurance with personal umbrella liability insurance for broader protection. And if you have special possessions such as jewelry, art, antiques, or collectibles, ask about scheduled personal property coverage that comes with no deductible when you experience a covered loss. Talk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your renters insurance continually meets your needs. Talk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your renters insurance continually meets your needs.

Condo Insurance

Condo Insurance Condominium insurance is unique. The condo insurance you buy covers your personal property, liability, and those parts of the unit that are your responsibility. It may also be written to protect you from certain assessments levied by the condo association. And you’re covered for costs you incur over normal living expenses if you have to vacate your home.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT CONDO INSURANCE

Your home is filled with things that are important to you. Condo Insurance can include personal property protection in your condo insurance policy, which can travel with you wherever you happen to be in the world. Should you choose this protection, and the policy will pay the full replacement cost without deduction for depreciation, up to the limits you select.

PROTECT YOURSELF AND YOUR GUESTS

Condominium insurance protects you and your family against bodily injury, property damage claims, and litigation up to the limits you select. And if a visitor is injured on your property, or by you or a household member, the policy will pay covered medical expenses, up to the limits you select.

GET THE RIGHT AMOUNT OF COVERAGE AT THE BEST PRICE

The more information you provide your agent, the better we can assist you in creating a condo policy that’s right for you. Ask about discounts for burglar alarms and for having multiple insurance policies with Safeco. Extra Coverage Doesn’t Have to Cost a Lot Many people supplement their condo insurance coverage with personal umbrella liability insurance for broader protection. And if you have special possessions such as jewelry, art, antiques, or collectibles – ask about scheduled personal property coverage.

Find unique insurance that is right for your condoTalk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your renters insurance continually meets your needs.

How much home insurance is enough?

The cost to rebuild your home is its replacement value. This can be very different from the estimated market value or actual purchase price. In most cases, it costs more to rebuild the home you own than to buy a new one. This is an important insight into why your Dwelling (Coverage A) limit is so important.

WASHINGTON – HOW MUCH HOME INSURANCE IS RIGHT FOR YOU?

Based in Friday Harbor and the San Juan Islands, our team understands the home insurance needs of our customers. We’ll work with you to estimate the replacement cost for your home and to adjust your policy limits from time to time as needed. It is critical that you provide us with accurate, updated information about your home and contents. If your dwelling limit accurately reflects your home’s true replacement cost, some companies will pay more than the limit if a covered loss is greater than the limit on your policy. Ask us if Home Replacement Guarantee or Extended Dwelling Coverage, is available in your state. Once a review of your home and possessions indicates you are properly insured, it’s a good idea to reexamine your coverages and limits from time to time, especially whenever you make additions or improvements.

BE SURE YOU HAVE ENOUGH INSURANCE

Here are some steps you can take to reduce the danger of being seriously underinsured: Call us If you have questions or concerns about the limits in your policy, ask us to show you how those amounts were calculated. This will also give you an opportunity to make us aware of any overlooked information.

Read your policy. Certain property, such as jewelry, and certain perils, such as earthquake or flood, is better insured separately. Knowing what is covered and for how much will help you insure properly. If there is anything in your policy you don’t understand, contact your agent and ask for an explanation.

Review. At each annual renewal of your policy, you receive a new Policy Declarations page showing limits of coverage and optional coverages. Review this information. If you do any significant remodeling or add a family room, extra bedroom or bathroom, etc., tell us about these changes so your coverage limits can be adjusted to cover the improvement.

Consider carefully whether your policy provides all the protection you need. Does it provide coverage for extra costs resulting from building code changes? Does it automatically increase coverage limits annually to keep pace with inflation? Does it provide additional funds if the cost of rebuilding your home exceeds the policy limits?

Make sure you know:

  • Will your insurance company will stand behind agreed upon repairs after a claim? Some companies are willing to put this guarantee in writing.
  • Does your policy include replacement cost coverage for contents (clothing, furniture, appliances, and other personal property inside your home)? If not, you can add it by endorsement. The cost is small, the protection valuable. Replacement Cost Coverage pays for losses to your possessions at the cost of brand new items. Without this option, a covered loss to your personal possessions would be depreciated by their age and condition, reducing the size of your claim settlement.

If you have an art collection, antique furniture, jewelry, or other valuable possessions, talk to your agent about supplemental coverages, such as fine arts or scheduled property endorsements, to adequately protect your investment in these items. The cost is modest for the extra protection, and often the deductible is waived. Consider whether you should have more coverage for personal property (contents) than your policy provides. Personal property coverage is usually 70% of the coverage limit for the structure. Your limit may be lower than 70%. Supplemental protection is available for a small additional premium.

Inventory your home. Prepare an inventory of personal property items, update it periodically, and keep it in a safe place outside your home, such as a safe deposit box at your bank. It will save you hours of time trying to list everything damaged or destroyed if you need to make a claim. It will also help ensure you don’t forget some items. We can advise you on ways to simplify the job of preparing a personal property inventory such as videotaping each room with descriptive information on the sound track.

PERSONAL LIABILITY

Besides making sure you have enough protection to cover possible damage to your own home and contents, you should also evaluate your exposure to liability risks. These result from damage to the property of another, or injury to a person, not a member of your household, for which you can be responsible. In recent years it’s become common for homeowners to be sued for injuries or damages to others, even when there is no evidence of negligence by the homeowner. The reality today is if you have any appreciable assets, you are exposed to the risk of being sued. Even if you ultimately prevail in court, your legal fees and the months or years of worry and uncertainty can be a terrible burden on you and your family. The Personal Liability coverage provided by your Homeowners Policy usually provides a limit of $100,000 or $300,000. We recommend increasing this protection with a personal umbrella policy. Not only will it increase your personal liability, but also your auto liability. Limits are available from $1 million to $10 million and beyond. The cost of this coverage is usually very reasonable. Keep in mind that Washington can require certain minimum levels of coverage. The right coverage for you is unique – Talk with us today to find out how to get the best price and value on home insurance for you.

Other Insurance

Based in Friday Harbor, our team understands the business insurance needs of our customers. Every need is unique, which is why we provide many types of insurance. As independent insurance agents, Islanders Insurance can help you find the coverage that best suits your particular needs and provides you with the greatest value.

BOAT & WATERCRAFT INSURANCE

We offer policies for a wide variety of pleasure boats. From sailboats to powerboats, we will recommend the protection that’s right for you.

RECREATIONAL VEHICLE INSURANCE

No matter what kind of RV you own—motor home, trailer, or camper—knowing you’re covered will give you the peace of mind to relax and enjoy your journey.

FLOOD INSURANCE

Flood Insurance is offered through the National Flood Insurance Program. Although the government actually provides the coverage, our agency issues the policy and, in the event of flood damage to your insured property, would also service your claim.

LANDLORD PROTECTION INSURANCE

Loss assessment protection is available to owners of residential property in condominiums, homeowners associations, and other planned communities. A wide array of options and coverages are available to fit your needs. Talk to an account representative today.

PERSONAL UMBRELLA

Monetary damage awards from lawsuits continue to increase. Personal Umbrella policies provide you with an extra layer of liability coverage above and beyond what your auto, home or boat policies provide. Check with us to see if an Umbrella Policy makes sense for you. Talk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your insurance continually meets all your needs.

Boat and Yacht Insurance

Based in Friday Harbor, our team understands the business insurance needs of our customers. Every need is unique, which is why we provide many types of insurance. As independent insurance agents, Islanders Insurance can help you find the coverage that best suits your particular needs and provides you with the greatest value.

BOAT & WATERCRAFT INSURANCE

We offer policies for a wide variety of pleasure boats. From sailboats to powerboats, we will recommend the protection that’s right for you.

RECREATIONAL VEHICLE INSURANCE

No matter what kind of RV you own—motor home, trailer, or camper—knowing you’re covered will give you the peace of mind to relax and enjoy your journey.

FLOOD INSURANCE

Flood Insurance is offered through the National Flood Insurance Program. Although the government actually provides the coverage, our agency issues the policy and, in the event of flood damage to your insured property, would also service your claim.

LANDLORD PROTECTION INSURANCE

Loss assessment protection is available to owners of residential property in condominiums, homeowners associations, and other planned communities. A wide array of options and coverages are available to fit your needs. Talk to an account representative today.

PERSONAL UMBRELLA

Monetary damage awards from lawsuits continue to increase. Personal Umbrella policies provide you with an extra layer of liability coverage above and beyond what your auto, home or boat policies provide. Check with us to see if an Umbrella Policy makes sense for you.   Talk with us today to identify the best combination of coverage, value, and price for you. We can help make sure your insurance continually meets all your needs.

Recreational Vehicle Insurance

Your RV is part vehicle and part home. Islanders Insurance can insure both, which makes us an obvious choice for insuring your motor home, trailer, or camper.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT RV INSURANCE

  • Coverages that protect you when you’re on the road means you have a selection of liability and physical damage coverage options and deductibles to tailor your policy specifically for your needs.
  • Emergency Assistance Coverage means your EAP (Emergency Assistance Package) covers you for towing, roadside assistance, temporary living expenses, and transportation costs if your RV becomes uninhabitable.
  • Mexico Physical Damage Coverage means your vehicle will be covered for a physical damage loss if you travel into Mexico when you purchase the select coverage packages. We’ll insure your RV even if it’s your only policy with us.
  • Winter Storage means you can reduce your coverage to Comprehensive only for the months your vehicle is in winter storage. When it’s time to hit the road again, call your agent to add liability and other coverages again.
  • Discounts mean you save money. When you have RV insurance and auto insurance with a single carrier like Safeco, you get a discount on your account. You also get additional discounts when your RV has specific safety features. One Policy means you can, if you wish, insure your RV and auto on the same policy.

Contact us today to find out how to get the best price and value for your RV insurance needs.

Flood Protection

The right coverage for you is unique – talk to us today to find out how to protect your family and your future with the right flood insurance for you. Flood Insurance is offered through the National Flood Insurance Program. Although the government actually provides the coverage, our agency issues the policy and, in the event of flood damage to your insured property, would also service your claim. Talk with us today to identify the best combination of coverage, value, and price for you.

Landlord Protection

As a landlord, you want insurance that’s tailored specifically to protect your rental properties. A Landlord Protection policy gives you choices when purchasing the insurance coverage you need.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT LANDLORD PROTECTION INSURANCE

Rental property is a great investment, especially if you protect your assets with excellent coverage. Make sure that you and your property are covered when choosing a landlord protection insurance policy.

PROTECT YOURSELF

Landlord Protection liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry as well as other non-bodily injury claims such as libel and slander.

EXTRA COVERAGE DOESN’T HAVE TO COST A LOT

Many landlords supplement their coverage with personal umbrella liability insurance for broader protection. Talk to us today about the amount of coverage that’s right for you. To find out more about this product and other products and services, contact us today.

Personal Umbrella

To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by a personal umbrella liability insurance policy.

PERSONAL UMBRELLA INSURANCE – WHAT’S PEACE OF MIND WORTH TO YOU?

An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is minimal compared to the comfort of knowing you’re covered.

WASHINGTON – DO YOU HAVE ENOUGH LIABILITY INSURANCE?

Imagine if your dog were to bite a neighbor’s child. Or if there’s an accident on your rental property. Or a fire in your condo spreads to other units. What would happen if you or a family member missed a stop sign and struck and killed a pedestrian? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets – or your future earnings.

LIABILITY INSURANCE STARTS WHEN THE OTHERS STOP

Once the liability limits are exhausted on your home, auto, or other policy, your umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available.

BROAD COVERAGES

An umbrella insurance policy also pays some claims not covered by your home, auto, or other underlying insurance. The policy covers not just you but your spouse and all family members living in your household anywhere in the world. Legal defense fees are also paid. The right coverage for you is unique – talk with us today to find out how to protect yourself, your family and your future with the right personal umbrella insurance for you.

Business Insurance

Based in Washington, our team understands the business insurance needs of our customers. We understand that every business and industry is unique, which is why regardless if your business is large or small, simple or complex, we have the expertise to identify the ways to properly insure the particular needs of your business. As business owners ourselves, we understand the special protection businesses need to prosper. In addition to advising you on the right coverages, we provide additional services, such as:

  • Loss Prevention Programs – with our insurance company partners, we can evaluate your business’s current conditions and recommend ways to lower property, auto, workers’ compensation or liability losses. Lower losses will not only lower your insurance costs, but also increase your productivity by avoiding downtime.
  • Quick Claim Response – when you do have a claim, you need fast and fair service, and as independent agents, we work to make that happen. That’s why we only represent companies with excellent records for settling claims fairly and promptly.
  • Competitive Rates – many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing. To see if your business qualifies for one of these special programs, contact us for more information.

BUSINESS INSURANCE PRODUCTS

There are various types of business insurance products and coverages out there. The good news is that we’re here to help you understand which ones are best for your business. But even with so many products and coverages available, most of them fall under the following categories of business insurance. To learn more, choose one of the common product types below.

  • Bonds
  • Business Auto
  • Commercial Property
  • Commercial Umbrella
  • General Liability
  • Workers’ Compensation

SPECIALIZED INSURANCE PRODUCTS

We understand that a key to our success has been the ability to recognize the special risks that our customers face. That’s why we can advise you on a variety of specialized insurance products that are designed to address the unique risks of specific industries, such as:

 

  • Feed dealers/distributors
  • Fresh pack/fruit and vegetable processing
  • Golf courses
  • Mobile home parks
  • Restaurants
  • Veterinary
  • Vineyards/wineries
  • Wholesalers
  • Wholesale nurseries

Bonds

A bond is a written promise that an insurance company will protect your assets and back up the promises made by someone else. Our agency can provide outstanding products supported by value-added services to commercial banks, savings and loans, insurance companies, finance and loan companies, and credit unions.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT BONDS

Construction Bonds – Bid, Performance & Payment Bonds and Supply bonds for contractors with program capacity needs from “First Bond” to $25 million.

Commercial Bonds License and Permit Bonds—Contractor License; Highway and Street Permit; Agent/Adjuster/Broker License; Fuel Dealer; Professional License; Automobile Dealer; and Alcoholic Beverage Compliance Bonds

Probate Bonds—Administrator; Executor; Guardian; and Trustee Bonds

Receiver or Trustee Bond in Bankruptcy Public Official—Notary Public; Sheriff; Deputy Sheriff; Constable; Jailer; County/City/School Treasurer Bonds; Court Clerk; Loan Closing Attorney; and FHA Schedule Bonds

Court Bonds—Plaintiff Replevin; Plaintiff Attachment; and Cost Bonds

Miscellaneous Bonds Fidelity Bonds ERISA (Pension Plans), Business Services Bonds (Janitorial)

Financial Institution Bonds and D&O Coverage – Commercial Banks and Savings Institutions, etc. To find out more about our products and services, contact us today. 

Business Auto

COMMERCIAL AUTO INSURANCE – SERVING FRIDAY HARBOR AND THE SAN JUAN ISLANDS

Business auto insurance provides for bodily injury liability and property damage, as well as for injuries/damage the policyholder causes to someone else when operating a company automobile. Medical payments or Personal Injury Protection (PIP) for treatment of injuries to the driver and passengers of the policyholder’s car are also covered.

HIRED/NON-OWNED AUTO LIABILITY

This particular coverage provides a business with business insurance coverage for certain liabilities arising from the use of a rented or leased vehicle (hired) or a non-owned vehicle (employee using their own vehicle on company business). This can often be inexpensively be added to the business auto policy or in some cases a general liability policy.

Every business is uniqueTalk with us today to find out how to get the best commercial auto insurance service price and value.

Commercial Property Insurance

One of the most common types of business insurance products, commercial property insurance often provide the following coverages. To get a full list of coverages or learn more about this product, contact us today.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT COMMERCIAL PROPERTY INSURANCE BUILDING

If you own a commercial building, replacement cost coverage is needed. Although cost estimators are available, we recommend that you secure an appraisal from a third party to accurately determine the current replacement cost of the building.

FLOOD

Most commercial property policies and homeowners’ policies exclude flood as a covered cause of loss. A separate policy must be purchased to protect you from damage due to a flood.

BUSINESS PERSONAL PROPERTY

This provides you coverage for your business personal property at a specified location and covers furniture, fixtures, equipment and inventory. Be aware that most commercial property policies have very limited coverage for property taken off the specified location. If you have equipment that is frequently taken off site to various locations, it is important that you have an inland marine policy (equipment or installation floater) to cover this property.

BUSINESS INCOME (BUSINESS INTERRUPTION COVERAGE)

This coverage reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered event, such as a fire. Business income insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises. Depending on the policy, civil authorities’ coverage may start after a waiting period and last for two or more weeks. It is strongly recommended that all businesses acquire this coverage.

ELECTRONIC DATA PROCESSING (EDP)

This coverage is separate property coverage specifically designed to protect your computer related equipment. Most commercial property policies have limited coverage for computer networks. EDP broadens the causes of loss to include things like power surges and in some cases virus attacks.

BUSINESS OWNERS POLICY (BOP)

A business insurance policy that combines property, liability and business interruption coverages for small to medium-sized businesses. This packaged set of coverages is generally less expensive than if each coverage was purchased separately. A Business Owners policy is typically available to businesses and industries that are viewed as having relatively low liability exposures. Based in Friday Harbor, our team understands the business insurance needs of our customers. The right coverage for you is unique – Talk with us today to find out how to protect your family and your future with the right insurance for you.

Commercial Umbrella

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT COMMERCIAL UMBRELLA INSURANCE

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, we recommend that your business insurance program have this coverage. To find out more about this product and other products and services, contact us today.

General Liability

General liability is a broad commercial policy that covers general liability exposures of a business. Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury. We recommend that all businesses operating have general liability coverage in place.

WASHINGTON – WHAT YOU NEED TO KNOW ABOUT COMMERCIAL LIABILITY INSURANCE

The following are additional general liability coverages that are often available.

PROFESSIONAL LIABILITY (E&O)

E&O covers professionals for negligence and errors or omissions that injure their clients. In addition to covering licensed professionals such as accountants, attorneys, insurance agents, architect and engineers, technology companies frequently have a professional liability exposure. This typically arises from the fact that the general liability policy excludes damage to data. Technology E&O can protect your company in the event that your negligence, error, or omission causes damage to a third party’s data. We recommend that all professional and technology companies have E&O coverage.

EMPLOYMENT PRACTICES LIABILITY INSURANCE (EPLI)

Employment Practices Liability Insurance for employers that covers employment-related liabilities other than on the job injuries. EPLI will cover legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. Although only three percent of Employment Practices lawsuits go in favor of the plaintiff, the average cost to defend yourself in one of these is well over $200,000. If you have employees, we recommend considering this coverage.

DIRECTORS AND OFFICERS (D&O)

D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There are a variety of D&O coverages. Corporate reimbursement coverage indemnifies directors and officers of the organization. Side-A coverage provides D&O coverage for personal liability when directors and officers are not indemnified by the firm. Entity coverage, for claims made specifically against the company, is also available. D&O policies may be broadened to include coverage for employment practices liability. To find out more about this product and other products and services, contact us today.