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Washington Business Insurance

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Customized business insurance in Washington

Small business growth in Washington state is outpacing the national rate. The 700,000-plus small companies in the state employ more than 1.4 million of its workers.1

If you own a small company in Washington, it’s critical to purchase the right business insurance to help protect against unforeseen events such as:

  • Allegations of injury
  • Property damage
  • Employees who get hurt on the job
  • Accusations of professional negligence
  • Accidents that happen when driving for business

Next Insurance helps more than 1,000 types of small businesses and self-employed workers quickly get the coverage they need online at the best price. We specialize in small business insurance, so we can easily help you find a custom insurance package that is right for you.

Continue reading to find out about the most important types of business insurance in Washington state or start a free instant quote to review options for your business.

Business insurance coverage and requirements in Washington

Factors that will inform what kind of coverage (and how much) your company needs include:

  • Regular business risks, such as how often you drive company vehicles for work
  • Your industry and the likelihood of injuries or property damage
  • The number of people you employ

Business insurance packages in Washington state typically include:

Continue reading to find out about the most important types of business insurance in Washington or start a free instant quote to review options for your business.

business insurance lp img1
General Liability insurance
General Liability Insurance

We recommend that all small businesses in the Evergreen State carry general liability insurance.

This coverage will help pay for damages if someone says that your actions caused injury or property destruction, including related lawsuit costs.

For instance, a customer at a small grocery store in Seattle needs medical attention after slipping on a wet floor. General liability insurance would help pay for the customer’s medical bills.

If the customer brought a lawsuit that claimed the business owner was responsible for the injury, general liability insurance in Washington state would help cover legal expenses, including attorney costs and settlements.

Cleaning and construction companies can boost their general liability insurance with tools and equipment coverage. If business gear is lost, stolen or damaged, this add-on helps pay to replace or repair it.

Workers' comp insurance
Workers’ Compensation insurance

Washington state requires that companies with employees carry workers’ compensation insurance to help staff members who get hurt at work pay for medical expenses and recoup lost wages while they recover.

Recent workers’ comp law changes in Washington increase financial penalties for businesses that don’t comply with state requirements.2

Here’s how workers’ comp coverage might help protect a small business in Washington:

An employee of a window cleaning company in Spokane suffers an on-the-job injury and requires a hospital visit. Workers’ comp insurance helps the business owner cover the injured employee’s medical expenses, including physical therapy.

Commercial auto insurance
Commercial Auto insurance

Businesses that own vehicles in Washington state must carry commercial auto insurance that covers between $10,000 and $60,000 in damages.3

Commercial auto coverage helps pay for damages if you or an employee has an accident in a company-owned vehicle.

For instance, a worker at an Olympia-based carpet cleaning company is driving a company-owned van back to the office on a rainy night and hits a guardrail on Interstate 5. Commercial auto insurance helps pay for damages to the vehicle up to the policy’s limits.

If your company occasionally rents vehicles for work or asks employees to use their own cars, you’ll need to add an upgrade called hired and non-owned auto insurance to get comprehensive coverage.

Errors & Omissions
Professional Liability (E&O) insurance

Professional liability insurance is also known as errors and omissions (E&O) coverage.

This policy helps protect your business if you are accused of substandard work, missed deadlines or unfinished projects.

For example, a client claims that a self-employed web developer in Bellevue made a coding error that causes an e-commerce website to crash, resulting in thousands of dollars in lost sales.

Professional liability insurance would help the developer pay to fix the problem or settle out of court. It would also assist with attorney fees, court costs and damages if the client sues.

business insurance in Washington

How much does business insurance in Washington cost?

Small business owners in Washington state pay a median of about $41 for their insurance coverage, according to NEXT Insurance data.

Your company’s coverage costs will differ based on the following considerations:

Risk factors your business routinely encounters. Construction company employees are more likely to face regular hazards than workers in other industries, so these businesses pay a median of $69 per month for coverage in Washington state. Small businesses owners that encounter less risks, like tutoring companies, typically spend $25 each month on insurance packages.

The types of insurance you buy and your policy limits. Choosing minimal insurance coverage or lower policy limits means that you’ll pay less each month for coverage. But the savings might not add up if you have to file an insurance claim because you’re likely to pay more out of pocket.

How many people you employ. Your business’s headcount helps determine your workers’ compensation costs, so it’s key to have accurate employee numbers before you get a businesses insurance package quote.

Start a quote with NEXT Insurance today to explore coverage options for your business in just a few minutes.

business insurance in Washington

How NEXT can help you with business insurance in Washington

We offer a quick and simple way for you to get business insurance quotes online, purchase coverage and share your certificate of insurance. The entire process typically takes just a few minutes.

Our team of licensed, U.S.-based advisors can help you if you have any questions.

More resources for Washington small businesses and self-employed workers

Customer reviews

I am so excited
I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
Curzella J.
Easiest insurance purchase – EVER!
I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
Michael W.
Happy small business owner!
I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
Nicole E.

Get customized insurance wherever you do business

Learn more about insurance options in the states where you work.

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* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.