How To Get The Most Out of Your Business Insurance

January 11, 2022

There are many options when it comes to choosing insurance for your business. When it comes to commercial insurance, one of the most important things to do is tailor your program for the risks associated with your business. Start making the most of your commercial business insurance by considering the following:

Keep your policy current – review and update it on a regular basis with your broker

Examine your policy every few months to see whether your business and the related insurance requirements have changed. Talk to your broker about the policy(s) at least once or twice a year.

Take Precautions to Safeguard Your Business and Your Employees

It is critical to ensure that your company provides a safe and healthy workplace. Keeping things orderly, wiping up spills, and repairing any damage may go a long way in preventing accidents and injuries and could even help save money on your insurance.

Reduce the chance of injuries

Maintain a clean environment for consumers and employees by keeping aisles clear, walkways clean, and spills cleaned up.  The safer your premises, the less likely employees and customers are to get injured.

If you work from home your homeowner’s insurance may not protect you

If you’re one of the millions of Americans who run a home-based business, you probably still need a commercial insurance policy. Exclusions for home-based businesses are common in homeowner’s insurance policies. Make sure to double-check each of your insurance policies’ coverages & exclusions with your insurance broker.

Work with your broker to find the best suited commercial insurance for your company

Your broker is an excellent first line of defense against purchasing improper insurance. You’ll want to pay close attention to what they recommend and why so you can receive the broadest insurance coverage specific for your company’s needs.

Ensure that the most crucial areas are covered

Contact one of our representatives today to determine the appropriate level and types of insurance coverages specific to the risks associated with your business.