When it comes to hiring contractors for home or business projects in Washington State, it’s crucial to ensure they are properly bonded and insured. While it may seem like a tempting cost-saving measure to hire an unbonded and uninsured contractor, the risks involved can far outweigh any potential savings. In this article, we will explore the significant dangers of hiring an unbonded or uninsured contractor and how proper coverage can help protect you, your property, and your wallet.

In today’s digital age, every business, regardless of its size, is at risk of cyber threats. Cyber insurance is designed to protect businesses from the financial impact of these threats, including data breaches, hacking, and other online vulnerabilities. In Washington State, with its thriving tech and business sectors, the importance of cyber insurance cannot be overstated—especially for small businesses.

As a business owner in Washington State, securing the right insurance coverage is essential to protecting both your company and your employees. Two critical types of business insurance that often cause confusion are Workers’ Compensation Insurance and Employers’ Liability Insurance. These coverages serve distinct purposes and should not be mistaken for Employment Practices Liability Insurance (EPLI), which covers different risks related to employment practices.

If you’re starting a construction or renovation project in Washington, securing a Builder’s Risk Insurance policy is essential to protect your investment. Our Lynnwood, WA-based insurance agency specializes in providing comprehensive builder’s risk coverage tailored to your project’s needs.

In the world of commercial insurance, understanding specific terms and designations can make a significant difference in how risks are managed and contracts are fulfilled. Two of the most commonly misunderstood terms are “certificate holder” and “additional insured.” While they may seem similar, they serve very different purposes. Let’s break down the distinctions in a way that’s easy to understand and relevant to your business needs.

In the past five years, homeowners across Washington State have seen their insurance premiums skyrocket. If you’re wondering why your rates have increased, several key factors are driving the surge. From rising claim costs to natural disasters and inflation, homeowners insurance has become more expensive. At Hood Insurance Agency, based in Lynnwood, WA, we help our clients navigate these challenges and find the best coverage options available.

If you own a business in Lynnwood, WA, or anywhere in Washington State, you may have seen Terrorism Risk Insurance Act (TRIA) coverage as an option on your commercial insurance policy. But what exactly is TRIA, and should your business opt in?

When it comes to protecting a business from significant financial losses due to liability claims, insurance plays a crucial role. Two common types of liability coverage that provide additional protection beyond primary insurance policies are commercial excess liability policies and commercial umbrella policies. While these terms are often used interchangeably, they serve different purposes and have key distinctions.

As a business owner in Washington state, having the right insurance coverage is essential for protecting your assets. At our Lynnwood, WA-based insurance agency, we specialize in helping business owners navigate the complexities of commercial property insurance. One of the most critical aspects of insuring your property is understanding the difference between Replacement Cost Coverage and Actual Cash Value Coverage, as well as how coinsurance can impact your claims. Additionally, as of January 1, 2022, labor costs cannot be depreciated in an Actual Cash Value (ACV) policy. Let’s break these concepts down so you can make informed decisions for your business.

As a business owner or executive in Washington state, your leadership decisions carry real legal risk. That’s why having the right insurance coverage—especially a Management Liability Insurance policy—is critical. At Hood Insurance Agency, based in Lynnwood, WA, we help business owners throughout the state protect their companies and leadership teams from lawsuits that stem from managing a business. Here’s what a Management Liability policy typically covers—and why it matters for Washington businesses.

Vacant buildings pose unique risks and require specialized insurance coverage. Whether you own a vacant commercial property, a rental home between tenants, or a building awaiting renovation, it’s essential to understand your insurance options to protect your investment. Here’s what you need to know about insuring vacant buildings in Washington State.

If you own a business in Washington—whether you’re a contractor, retailer, consultant, or service provider—you need General Liability Insurance. It’s not just a “nice to have” policy; it’s the foundation of your commercial insurance plan. At Hood Insurance Agency, based in Lynnwood, WA, we work with business owners across the state to make sure they’re protected against the risks that come with simply being in business. Here’s what a Commercial General Liability (CGL) policy covers—and why it matters.

Nonprofit organizations and homeowners associations (HOAs) in Washington State, including those in Lynnwood, rely on their directors and officers to make crucial decisions that impact their communities. However, these leaders can be held personally liable for their actions, making Directors and Officers (D&O) Insurance a critical safeguard for nonprofit organizations and HOAs.

If you own an auto repair shop, dealership, body shop, towing service, or car detailing business in Washington, you need to understand garagekeepers insurance and garagekeepers liability insurance. These specialized policies protect your business from financial losses if a customer’s vehicle is damaged while in your care. In this guide, we’ll cover the key differences between these policies, who needs them, and how to choose the right coverage for your business.

When it comes to construction projects, insurance is an essential part of ensuring everything runs smoothly. Construction sites are inherently risky, with numerous moving parts, from workers on-site to equipment, materials, and the structure itself. Construction insurance can protect you from a variety of potential disasters, but without the right coverage, you could be left exposed to significant financial risk. Here’s how to avoid construction insurance disasters in Washington state and ensure your business remains protected.

As a business owner in Washington State, ensuring the safety and longevity of your tools and equipment is essential. Whether you own a construction company, run a retail shop, or operate a service business, having the right insurance coverage for your tools and equipment can save you from significant financial losses if something goes wrong. This article will guide you through how to properly insure your business tools and equipment, with tips on getting the best coverage tailored for businesses in Lynnwood, WA, and across Washington State.

As a business owner in Washington State, managing liability risks associated with subcontractors and their employees is essential to protecting your company from potentially expensive claims. Whether you’re working with subcontractors on construction projects, IT services, or any other industry, it’s critical to understand the insurance and liability risks involved. At Hood Insurance Agency in Lynnwood, WA, we specialize in helping business owners like you navigate the complex landscape of liability insurance, ensuring you’re adequately protected from the risks that subcontractors and their employees may pose.

Managing multi-employer construction projects comes with its unique challenges, especially when it comes to ensuring safety and adequate insurance coverage for all involved parties. In Washington State, where construction activity is thriving, it’s essential for general contractors and subcontractors to be aware of the risks and responsibilities associated with such projects. Insurance plays a pivotal role in mitigating these risks. Here’s how to safely manage multi-employer construction projects with the right insurance strategies.

Running a small business in Lynnwood, WA comes with risks, and having the right business insurance is essential for protecting your company from financial losses. Many business owners in Washington have questions about insurance requirements, costs, and coverage options. Below, we answer some of the most commonly searched questions related to small business insurance and emphasize the importance of working with an experienced insurance agency to get the best coverage at the best price.

In an era where construction companies are increasingly reliant on technology and digital tools, the risk of cyber threats is a growing concern. Cyber insurance is designed to protect businesses from the financial impact of cyberattacks, data breaches, and other online vulnerabilities. For construction companies in Washington State, where digital tools and cloud-based solutions are becoming integral to operations, cyber insurance has never been more important.