Your business changes over time. Your insurance should, too.
A policy that accurately reflected your business several years ago may not provide the same level of protection today if your company has grown, added employees, purchased equipment, or expanded its operations.
So when should you review your business insurance?
After Your Business Grows
If your revenue, payroll, inventory, equipment, or number of employees has increased, your insurance coverage may need to change as well.
Growing businesses can quickly outgrow the limits and coverage they originally purchased.
When You Add Vehicles
Adding a company vehicle—or having employees regularly use vehicles for business—can change your commercial auto needs.
Make sure new vehicles and drivers are properly accounted for on your policy.
When You Move or Expand
Moving to a new location, opening another location, or expanding into another state can affect your insurance requirements and exposures.
This is especially important for businesses operating in both New Jersey and Pennsylvania.
When You Add New Services
If your business begins offering new products or services, your existing policy may not automatically provide the coverage you expect.
Tell your insurance agent when your operations change so your coverage can be reviewed.
At Every Renewal
You don't have to wait for a major change to review your insurance.
Your annual renewal is a natural opportunity to look at your policies, limits, deductibles, property values, vehicles, employees, and operations.
Has Your Business Changed?
Your insurance should keep pace with your business.
At Barry Paul Rose Insurance Agency, we help businesses throughout New Jersey and Pennsylvania review their commercial insurance programs and identify opportunities to improve coverage and potentially reduce costs.
If your business has changed, it's time to review your insurance.
Contact us for a commercial coverage review.
