Bellingham Business Liability Insurance

Bellingham business liability insurance is a special kind of Bellingham business liability coverage. You can get it for yourself if you are the owner or the operator of a company that is located in Bellingham. If you are the owner or operator of a Bellingham company, there are a few things that you should know about this kind of Bellingham business liability coverage.

Bellingham Insurance Specifics

Business liability insurance is the kind of Washington business liability insurance coverage that will directly affect the company itself rather than the employees of the company as many types of business-based liability insurance does. The types of WA coverage that are available for you to purchase in the realms of business liability insurance are based on the situations that you could be sued as a result of. If you have ever been worried that you or your company could be sued because of something that you did or did not do, then you should consider what the implications are of you purchasing some Bellingham business liability insurance and how it will possibly protect you from this eventuality. Of course, there is no guarantee that you will be able to draw from this coverage because there is no guarantee that you will be sued at some point in your businesses' life. However, if you want to at least be certain that your company is as protected as it can get, then you should remember that getting Bellingham business liability insurance will protect you from the expensive items that will crop up as a result of you getting a lawsuit filed against you. Now that you understand this, you should take a look at this potential situation so that you can clear up any and all confusion that you still might have about what this particular type of coverage does and how it can help you or your company.

Situation for Insurance

Consider this as a possibility. You own a Bellingham company of 100 employees. You primarily deal in the selling large motor boats, but you also deal slightly in camping equipment and other similar products. You started the company 10 years ago and you have been running it ever since thanks to proper business advertising. You have received awards for your great business model and you are happy with all of the employees that you currently have. Because things have been so bright and shiny over the course of your company's life, you have never had any need to purchase Bellingham business liability insurance for your company. You do not think that you would ever be sued, so you think that getting Bellingham business liability insurance would just be a waste of money. However, like many Washington companies who fail to purchase Bellingham business liability insurance, you learn the hard way that this is not the case.

You get a call one afternoon from your Washington customer service department. They tell you that there is a customer who took a tent on a hike and the tent, which was staked incorrectly, caused him to fall down a hill while he was sleeping because of the wind. He broke three bones and a portion of his spine was bent, causing him to have a limp. He blames it on the tent and threatens to sue you unless you pay him a settlement of all of the Washington hospital bills as well as $1,000,000 worth of living expenses and loss of income that he will incur as a result of not being able to work like he used to.

The bill easily breaches over $1.5 million. This is a problem because your company only brought in $1.1 million worth of profits in the last two years. Because of this, you do not have the money to pay for the settlement, so the customer takes you to WA court. Whether he wins or not, you are going to probably lose your company now because of one mistake that was not even your fault. This could, however, been avoided if you had purchased the correct Bellingham business liability insurance for yourself. There is no excuse for a false lawsuit, but people still do them in the effort to make some money. This is why you need Bellingham business liability insurance. Even though your WA company might do everything right, all it takes is one bad egg.

Now that you know some more of the specifics that come along with dealing in Bellingham business liability insurance, you will be able to better determine if it is something that you would want to take part in for your company. Most of the time, it is going to be very useful to you as a business owner, but there are going to be some situations where you might find that it is too expensive. At least look into it to know for sure.

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