Why you need to review your commercial insurance

Commercial insurance is a must-have for every business.  Some businesses have specialty needs for additional commercial insurance that are not covered under the standard policy.

Maybe you have had some changes in your business.  You have recently purchased delivery vehicles, you have expanded your business and purchased more property.  There are any number of possible changes that have occurred to your business that would require an analysis of your commercial insurance policies.

Your cash flow has changed

You have two forms of payment for your insurance, a regular monthly payment and a deductible that you will need to cover for damages and/or injuries before your provider will start to cover anymore.  The monthly payment you can factor into your standard business finances.  You will need to be diligent in planning for the unknown.

The more cash you have readily available, you should think about increasing your deductible.  Higher deductibles will decrease your monthly premiums, and you will be able to save money.  Make sure the deductible will be affordable, just in case.

Lower your deductible so that you can pay as needed if you are short on cash.  Contact our office so that we can shop around for the best deal possible and discuss bundling options.

Congratulations!  Your business is thriving!

Your business has increased since the last time you sat down with your agent.  You’ve hired more people, added a delivery service and more!  That means that your insurance will need to change also.

Start with your workers compensation and disability insurance policies. Make sure that your employees are covered, and your policies are up to date.

You’ve added a fleet!  You will need to get your vehicles insured under a commercial auto policy.

You are remodeling or moving

Commercial property insurance comprises an important part of your overall insurance needs.  If you are expanding or moving, you will need to contact our office to do a review of your new /improved digs and the policies.  Please remember that any changes you make, will affect your coverage and costs.

Content provided by Transformer Marketing.