One of the biggest problems companies face is the responsibility for their employee’s actions, especially if someone is harmed or suffers a loss because of the activity. Typically, commercial insurance is intended to protect the business with regards to the services and products it offers consumers. However, the employee activity that can generate a liability goes far beyond what is sold. It can include vehicle accidents, harassment or harm to another employee, accidental or intentional business property damage, and more. According to Sound Choice Insurance Agency, Inc, generic commercial insurance isn’t necessarily all-encompassing that it covers every employee action possible. Insurance may instead need to be addressed by workers compensation, and a custom policy may be necessary for personal actions unrelated to a work function.
Lynnwood, WA businesses are no different from any other location. They need people to help operations and support the growth of the company. However, even with rules, employee handbooks, and supervisors monitoring activity, a company still has responsibility for what it’s employees do under the legal concept of vicarious liability. As a result, it is essential that when a business seeks to protect itself from operational activities, the commercial and business policy chosen includes contingencies for employee actions. It’s a bit like homeowners insurance; you don’t intend to have someone fall in your house and break their hip, but when it does, the coverage is a significant financial solution.
The experts at Sound Choice Insurance Agency, Inc can help. We can examine your Lynwood, WA business, how its currently structured, how the company is expected to grow over time, and then match it up with a coverage policy that makes sense. Ideally, a company should be served by a policy that fits its size, employee activity scope, and addresses typical employee-caused risks. That way management can focus on productivity and stop spending so much time worrying about an employee going off the range any possible moment. Reach out to our agents to learn more.