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Small Business Insurance in Vancouver and Ridgefield, WA

Your small businesses needs many types of coverage in order to adequately secure itself against losses in the event of certain common business casualties. Common elements of small business insurance include:

  • General Liability Insurance: This policy covers a business against claims arising from problems like libel, slander, medical expenses, property damage, medical expenses, and the cost of defending against a lawsuit.
  • Product Liability Insurance: If you deal with a product - whether it's manufacturing, retailing, wholesaling, or just distributing it - you may be responsible for keeping it (and people in the area around it) safe. The amount required depends mainly on the products involved - the larger and/or heavier the products are, the more coverage is needed.
  • Professional Liability Insurance: Similarly, if you provide any kind of professional service, you may need coverage for errors, malpractice, and negligence. Some companies are required to have this type of coverage (especially, though not exclusively, those in the medical field).
  • Commercial Property Insurance: If your small business owns any kind of physical property (an office, a retail store, a warehouse, etc.), this coverage insures it against a wide variety of natural and man-made forms of damage. If your business is particularly vulnerable to a certain type of damage (flooding, vandalism, etc.), you may need additional coverage for that specific problem.
  • Home-Based Insurance: If you're running a business from your home, then your homeowner's insurance probably doesn't cover any of your business operations. You may need to purchase additional coverage separately, or as an extension of your existing plan. Speak to a Altech Insurance Agency agents to find out.

Many other industry-specific forms of coverage are available. For more information about what policies are the most important for your business, talk to one of our agents and ask for a full risk assessment. You can research forms of insurance through reputable sources—this information is available for free online, courtesy of groups like the National Association of Insurance Commissioners.

Insurance Requirements for Small Business

All small businesses are required to have Workers' Compensation, Unemployment Insurance, and sometimes Disability Insurance. Other requirements for small business insurance vary by industry, as well as local, state, and federal law.

What constitutes a small business?

The exact definition of a small business varies by industry, but according to the Small Business Administration, it's usually 500 employees or less for mining or manufacturing, and $7.5 million or less in revenue for other industries. Note that there are many exceptions to this rule, and they are listed in detail on the Small Business Administration's website.

 

1. "Insure U Get Smart About Insurance." Accessed April 14, 2016. http://www.insureuonline.org/smallbusiness/.

2. "Insurance Requirements for Employers." The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/managing-business/running-business/insurance/insurance-requirements-employers.

3. "Summary of Size Standards by Industry Sector" The U.S. Small Business Administration | SBA.gov. Accessed April 14, 2016. https://www.sba.gov/contracting/getting-started-contractor/make-sure-you-meet-sba-size-standards/summary-size-standards-industry-sector.

Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions.

Our Location

Altech Insurance - Vancouver, WA

7813 NE 13th Ave
Vancouver, WA 98665
Main office: 360-573-3080
Fax: 360-573-7750

Our Providers

Testimonials

I've been using Altech for my insurance needs for over 15 years and have yet to be disappointed. They are the best at shopping for policies, they're easy to work with and have always been more than helpful. I would not hesitate to recommend them to anyone of my friends or family members.

Mik H.
The best insurance agency I have ever dealt with - and there's been a long list!!!!!!

Ron S.
They are understanding, caring, thoughtful, professional, and knowledgeable. I trust them and know that they have my best interest at heart. I can't imagine going anywhere else because they make me feel like their top priority whenever I call. Thank you Altech for being always being there for me and always making me feel welcome.

Steven E.
7+ years of dealing with Altech, for auto and renters insurance, we're very happy. Everyone we've referred is also very happy. Honest, quick service, return calls when they say they will, that's a big deal around here.

Gary V.
A Lasting Tradition of Excellence, Caring & Honesty is a wonderful motto for this company. Thank you Altech for your wonderful years of taking care of my family.

Sheryl L.
As a small business owner, finding true professionals to work with can be a task in itself. After contacting a number of insurance agents, I felt a kindred soul with Neil at Altech Insurance. I highly recommend Neil and his team for all your insurance needs.

Dustin
Altech Insurance Agency is the best. Thanks for all your help.

Dan and Jenny
Altech is a full service agent that will be there with you from the inception of your policy and available to answer all your insurance questions. I would highly recommend them for any of your insurance needs.

Chris S
Altech actually answers the phone and took as much time as I needed to answer my questions. It has been a stroke of luck to find an agency that puts me first, and listens and explains insurance so I can understand it. I would highly recommend giving them a call!

John W.
My family has been with Altech Insurance since January 1, 2003. Neil Worland and staff has taken care of our Home, Auto, Boat, and life insurance for all these year. This office is just wonderful, you feel like you have a friend when you need something or HELP, even after office hours.

Sheryl L.
Altech has always treated us well and with respect. They are not only in business to make money, but also to build relationships with their clients. They will work to get you the best deal and will always make sure you have the amount of coverage and the right coverage for your needs. I have never felt like a number when dealing with them. I highly recommend them for all of your insurance needs.

Mike R.
The best insurance agent we have ever had. Gives us the best prices on our insurance plans every year. Exceptional customer service. Answers the phone and gets information to us super fast. We will never use another agent. We are spoiled with Neil, thank you, thank you!

Pam H.