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A standard homeowners insurance policy offers a limit equal to half of the amount reserved for the residence (ex. Your home is covered for $150,000, so your contents and furnishings are covered for $75,000). While this is generous coverage, it doesn’t extend to all types of property nor for all causes of loss. Certain types of […]

Principles of Surety Bonding Surety bonding has much more in common with commercial lending than it does with insurance. Unlike insurance coverage and fidelity bonding, surety bonding is essentially a three-party obligation. It consists of: •        Obligee This is the first party, the party to whom the indemnity is provided. Note: A.I.A. construction bonds use […]

If you’re operating a licensed marijuana (also known as cannabis) business, Washington state rules (leg.wa.gov) require you to buy insurance to protect your business from potential losses. Who may need to buy marijuana business-related insurance Marijuana retail stores Marijuana producers Marijuana processors Landlords who rent to marijuana business owners What insurance covers In Washington state, […]