Does your insurance policy need a review?

Let’s check.

An insurance policy review might sound intimidating, but think of it this way:

When you bring your car in for its inspection, the mechanic will check all kinds of basic functions just to make sure they’re still working and meet requirements.

Here's how

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A policy review is sort of like that.

When you buy insurance, your policy rates and requirements are sculpted to fit your business.

A policy review is a routine checkup to ensure your coverage still fits your business’s needs.

As your business changes, regular reviews can help you avoid being underinsured.

These are 5 common business changes that could mean it’s time for a coverage tune-up.

A new location

Whether you’ve changed or added new locations, this might be a good time to check your insurance.

As your physical space expands, your coverage may need to expand, too.

And speaking of expansion. →

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A new employee

Have you hired your first employee or added more people to your crew? This could impact your insurance requirements.

You’ll want to make sure your new additions are covered in case of emergencies. And that’s not the only new addition you’ll want to insure.

2

New equipment

Better. Faster. Stronger. New tools and hardware can really level-up your business.

They can also be pricey. Make sure your business has the right financial protection if any of this new equipment is stolen or damaged.

3

structure changes

As your business changes and grows, your original business structure is no longer the best option.

This might mean you switch from a sole proprietorship to an LLC. Or perhaps you acquire another business.

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Whatever structural updates you decide to make, be sure to update your insurance to match.

And finally. →

New products and services

Adding to your “menu” of goods and services is an exciting chance for growth. It can also open your business up to new risks.

Take a look at your liability coverage to ensure these new offerings are covered.

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Do I have the right coverage?

Am I overpaying for coverage?

Do I have enough coverage?

So, what’s the bottom line?

An insurance policy review should help you answer these 3 questions.

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At Simply Business, finding insurance suited for your business is easy.

Just answer a few questions about what you do, and you’ll be able to browse policy options from leading insurers. All in just minutes.

Compare small business insurance quotes today.