When to Communicate with your Insurance Agent
Business Events that Require a Review
Communication with your Insurance Agent is vitally important to ensure that your business is covered in the event of a loss.
Here are 10 Business Events that require an Insurance Review:
- Adding or removing employees from your payroll
- Purchasing new property – buildings, contents, equipment/machinery
- Moving to another location
- Renovating existing property
- Significantly increasing or decreasing inventory
- Adding or removing vehicles
- Working with third parties
- Offering new or different products or services from your regular or normal operations
- Implementing digital operations
- Forming a Board of Directors
All of these events change the exposures of your business, and your current insurance coverage may need to be adjusted to cover your business properly.
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