Your business is probably a lot like you – it rarely stands still. Because of that, your insurance needs could be evolving too. Even if you started out with slam-dunk coverage for your situation, take another look if any of these things happen:

1) Your current policy is expiring.

This may seem like a no-brainer, but many business owners neglect it. Before renewing what you have now, check with a broker to see if you can get even better coverage – for a better price. (Ready right now? We can help.)

2) Your revenue suddenly jumps.

First of all, well played! But if you carry general liability insurance, your premium rate could be based on revenue – which means it’s audited annually. If you don’t update the revenue estimate on your policy, you could be faced with a less-than-pleasant bill at the end of the year.

3) You make a change in operations.

You may be a software designer who dreams up a brilliant new tech device. (And who can blame you? Your talent is too big to be contained!) But before you start manufacturing it and selling it on the side, make sure your business insurance actually covers this very different business.

4) You enter into a contract.

Partners and vendors often ask you to carry specific types of insurance before they’ll do a deal with you. Show the contract to your agent to see if you need to add coverage. If they gave you a generic contract that isn’t based on their actual risks, an insurance requirement may even be unnecessary – and you should renegotiate.

5) You put on a special event.

People love bouncy houses! And beer! (Fortunately, not the same people.) Before you host a big public event with lots of activities, run the plan by your agent. You may need additional coverage. Otherwise, your policy may not be renewed – and you could be turned down by another carrier – if something goes wrong.

With 50+ years of expertise, we understand your business and all of its changing needs. Get personalized coverage recommendations for your amazing company now.