Types of Insurance Coverage
Auto insurance provides financial protection against physical damage and/or bodily injury resulting from traffic collisions as well as any liability that may be involved. It may also offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions. Washington state law requires insurance with liability limits of at least $25,000 for injuries or death to another person, $50,000 for injuries or death to all other people combined and $10,000 for damage to another person’s property (car, home, or whatever you damage with your vehicle).
Because a Home owner’s policy is one of the most important, most complicated and most misunderstood of all policies that is written in Insurance, Western Pacific Insurance Group wants to partner with you to understand your needs and support you with the correct coverage. Usually your home is your biggest asset and the crux of our business is to make sure you and your home is covered with the correct policy and endorsements for the ‘extra’s’ you have in your home. A proper home owner’s policy covers your dwelling, personal property and the loss of those pieces and liability coverage for injury on your property.
Supplemental or Collectable or Personal Articles
In every one of our clients homes and office are treasures – a piece of art. They are the lasting impressions of our lives, they represent our presence in others lives. They are worth protecting – like a Renoir or Mustang – thus we need to protect them with a Personal Articles Endorsement on your Home Owners policy. By paying attention to this piece of your insurance package with a cost effective insurance product Western Pacific Insurance Group is offering you protection for your life’s treasures.
If you have chosen to live an apartment lifestyle or at a point in your life where you are saving for a home while renting, you need to cover that apartment or home with a renters policy. Your landlord’s homeowner insurance does not cover your property during your rental period. Renter insurance is normally a special package that combines coverage for personal liability (against claims someone else makes against you), premises medical coverage (paying the medical bills of others accidentally injured on the property you rent), additional living expenses (in case your living space is deemed unlivable and you have to temporarily live somewhere else) and personal property coverage (covering specific personal items). Western Pacific Insurance Group agent will work with you to cover your rental property as required and your personal belongings within it.
An umbrella insurance policy through Western Pacific Insurance Group is an extra level of protection over our clients personal, homeowners, auto and business policy. It extends your existing policies with an extra layer of protection in case of a catastrophic lawsuit. Normally, these policies pay after you exhaust the liability limit of your homeowner and auto policies. An umbrella policy is relatively inexpensive for the additional coverage and peace of mind they provide. An umbrella extends the limits of standard liability allowances and could potentially save our clients millions if a claim occurs. To put it simply it covers you in the case of a major life storm.
Pleasure Water Craft or Recreational Toys and Boats
We all love to play but sometimes play is potentially dangerous. Western Pacific Insurance Group wants you protected so you can go out on the water to enjoy the sun without being concerned about potential loss. If you’re new to boating, you may be under the impression that your homeowners insurance will magically stretch to cover your boat. Sadly, in most cases it won’t. We will find you coverage that best suits your lifestyle with coverage for accidents and damage, theft, vandalism, fire and flood, loss of your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow. It is important to us that we understand your boating routines and how often you go play. Our work on your behalf will leave you with peace of mind.
With recreational vehicle (RV) insurance you can select many types of coverage similar to auto insurance including bodily injury, property damage liability, uninsured motorist, medical payments and comprehensive collision. You may also want coverage for full replacement cost, vacation liability, full timer’s coverage (for people who use their RV as a primary residence), personal belongings, emergency expenses and more. You would certainly cover your permanent fixed home. Western Pacific Insurance Group will work on your traveling home so you are secure it while on the road or in permanently in one place.
Motorcycles are great recreation and great transportation. They aren’t however, considered autos and are not covered by your auto policy. They’re also not subject to the Washington state mandatory auto-insurance law. As a motorcycle owner you must show proof of financial responsibility as a cycle rider – you can do this with a motorcycle liability policy provided to you by Western Pacific Insurance Group.
Life is complicated and everyone’s is different. Some of us have families. Others remain single, while still others have dependents that they bring into their lives to care for throughout a lifetime. Life insurance products provide a broad scope of benefits but they all are meant to leave your loved ones with a financial security in case of your unexpected death. Western Pacific Insurance Group wants to get to know you and your family so we can help you care for those you love with the correct life policy.
Business Owners Policy (BOP)
These policies combine protection from all major property and liability risks in one package including property insurance for buildings and contents owned by the company, business interruption insurance (covering loss of income resulting from a fire or other catastrophe), and liability protection covering your company’s legal responsibility for the harm it may cause to others. Our BOP also includes Extra Employment Practices Liability so that if customers, vendors or others accuse you of sexual harassment or discrimination you are protected.
Business Property and Liability
Commercial Property – Property damage insurance is for businesses protecting against losses when property is damaged or destroyed. It is essential in protection of a company’s most valuable tangible assets. Besides the actual premises, commercial property insurance can also include protection on valuable equipment, inventory, furniture, and records. Commercial and Business liability insurance covers your business if someone is hurt on the property or where there is property damage. Your policy can also protect you against libel, copyright infringement or wrongful eviction. Depending on your company’s business practices, it is important to evaluate your most valuable assets and protect them from any potential perils. Our goal at Western Pacific Insurance Group is to help assist you in this process while giving you enough information to make a sound business decision.
Sometimes this coverage can be underestimated in the eyes of a business’ risk manager. Our goal is to emphasize how much money can be lost by accidents over a lengthy period of time. Because there are so many different types of commercial vehicles and different hazards and scenarios these vehicles face compared to the typical personal vehicle, there are several different types of commercial car insurance and coverage’s. For businesses with a large fleet of autos, more coverage is obviously needed. On the other hand, a company with only one to two vehicles still needs to be protected because the driver is not liable if a crash occurs. A large amount of money goes towards autos and companies that depend on their vehicles as a source of revenue and need to make sure they are protected if an accident happens. At Western Pacific Insurance Group, we take the time to discuss with you a policy that fits with your business needs.
Mistakes can happen at any time. A small error can have financial consequences most small businesses simply can’t handle. Whether it is a doctor, lawyer, or top executive, one of the biggest potential financial losses for a professional may come from a lawsuit filed against them. Liability claims have no upper bound, and can certainly cost a business or individual a considerable amount of money if not adequately protected against. In order to guard against these types of losses, professionals are strongly encouraged to purchase liability insurance. For example, lawyers would want to purchase an errors and omissions policy to protect them in case a client holds them responsible for a service that wasn’t provided. Western Pacific Insurance Group is one of the largest writers of public defenders on the west coast. Western Pacific Insurance Group specializes in Employment Practices Liability, which protects against liability lawsuits relating to wrongful termination, directors and officers, and much more.
Washington’s commercial marine industries abound and operate in some of the most populated and dangerous waters in the world. Commercial marine company owners demand an unparalleled level of insurance protection to mitigate risks associated with operating a business in the Puget Sound. Our marine specialists at Western Pacific Insurance Group works aggressively to provide programs for fishing, excursion and sightseeing vessels. Commercial vessels, such as tugs, barges, construction vessels, crew boats and crew insurance coverage protection is important for commercial marine business owners and we work together with you and your key staff to cover your business and your staff to secure their future in the Commercial Boat Industry.
Errors and Omissions Liability
General Liability – This coverage is important for small and large businesses alike. Without it, businesses would be responsible for any injuries or damages that may result from the products or services that they provide. These injuries or damages could range from accidents to faulty packaging to construction defects. General Liability coverage is crucial because it could potentially indemnify a business during or after a large law suit.
Commercial Surety Bonds and general transactional surety bonds, such as license bonds, public official bonds, judicial / fiduciary bonds, and miscellaneous surety bonds ensure work. Surety Bonds are also a promise by a surety or guarantor to pay one party (the oblige) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. In other words these bonds guarantee completion of contracts for builders, service contractors and suppliers. Whether you’re an individual seeking a particular type of bond, or run a business with a variety of bonding requirements, Western Pacific Insurance Group can provide a surety program tailored to your needs.