Every small business owner thinks disaster won’t strike them. Fire? Lawsuit? Equipment failure? Cyberattack? Those are problems for someone else—or so we tell ourselves. But even the cleverest lone wolf can get caught off guard in the wild. One mistake can wipe out years of hard work, reputation, and revenue before you even know it.

We’ve already covered why “it won’t happen to me” is a terrible strategy here.

This post dives into three common mistakes we see in Lynnwood businesses—and how proper coverage keeps you protected, like a pack watching your back.

Mistake #1 – Skipping General Liability or Underinsuring

Many small business owners think lawsuits only happen to huge corporations. In reality, even a minor accident can trigger a costly claim.

Scenario: Your employee drops a tool on a client’s car. The client sues. Without proper General Liability coverage, you could be paying out-of-pocket for damages and legal fees.

Insurance isn’t just paperwork—it’s a safety net. Minimum coverage may look fine on a spreadsheet, but when the unexpected happens, it’s a false economy.

The one time you think, “Eh, I’ll skip it,” is usually the exact time someone will drop a bowling ball on your office. Even the lone wolf knows it’s smarter to travel with a pack.

Mistake #2 – Overlooking Business Interruption and Property Risks

A fire, storm, or equipment failure can halt your operations for days or even weeks. Payroll still needs to be paid, bills still arrive, and customers still expect service.

Without business interruption insurance or proper property coverage, your revenue dries up while expenses keep piling on. In Washington, unexpected weather events and minor flooding are more common than most small business owners anticipate.

Think of it this way: wolves plan their hunts and protect their dens. Your business deserves the same strategy—insurance that keeps you standing when the wild throws a curveball.

Mistake #3 – Assuming Specialty or Emerging Risks Don’t Apply

Some risks feel niche: cyberattacks, specialized equipment, commercial auto gaps, or even large-breed pet insurance for office dogs (yes, really). The problem is, “niche” doesn’t mean “unlikely.”

Many small businesses think cyberattacks or specialty vehicles only happen to big corporations. Spoiler: they don’t. Coverage gaps here are exactly what turn a solvable problem into a financial crisis.

Even the alpha wolf doesn’t hunt alone. Your business shouldn’t face unexpected risks solo either.

The Takeaway

Insurance isn’t just a line on a budget—it’s a principle. Protection is more than a policy; it’s the difference between surviving a setback and losing everything you’ve worked for.

If any of these mistakes sound familiar—or you’re just unsure—you’re not alone. The smart move is simple: get a risk review today, make sure your coverage is tailored to your needs, and stop relying on luck.

Final thought: Don’t wander into the wild unprepared. Even the smartest wolf benefits from a pack.

Call to Action: Call Hood Insurance Agency today

for a free consultation and make sure your business is actually protected. Protection isn’t optional—it’s a principle.