Social Media Preheader Home Page Get a Quote Payment Claims About Us Facebook Twitter Postheader Auto Insurance Home Insurance Business Insurance Life Insurance

8 occasions to review your commercial insurance coverage.


Every year, you renew your insurance — which is a great time to review it, too.

Many business owners consider whether or not they should raise or reduce their deductible. They think about whether they need more or less coverage. Is there an entirely new type of protection worth adding? Or an existing coverage worth removing?

There’s no doubt about it: An annual review with your insurance agent is certainly an effective practice. But, it’s not the only time to pay attention. For example, there are certain events that could require more immediate action, including:

  • When you’re downsizing. If you’re moving to a smaller space, you may need less coverage.
  • When you’re expanding. If you’re moving to a larger space, you may need more coverage, and you could even be a candidate for commercial umbrella insurance.
  • When you’re purchasing new equipment. All big-ticket items should be listed in your insurance policy, so if something happens to them, you’ll be able to replace them at the same value.
  • When you’re purchasing a new vehicle. New car, new coverage. Whenever you add a vehicle, you should add it to your auto insurance policy.
  • When you’re hiring new employees. Workers’ compensation insurance is required, but with a bigger staff, you may want more than just the minimum.
  • When you’re bringing a new business partner aboard. If you have key person insurance (a life insurance policy on the most important person in the business), you may want your new partner to have it, too.
  • When a business partner quits, or passes away. If someone is no longer associated with the company, make sure they’re no longer associated with the insurance policy

 For more information about your commercial insurance coverage, reach out to us at (231) 924-3100.


Posted 1:58 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Fill out the form below or call us at 800.924.3002

Who We Are >
We are a leading provider in insurance and services in the insurance industry. Priding ourselves on providing the best customer experience possible while also giving you the lowest rates. We have relationships with dozens of insurance companies, allowing you to get the right price with the right service.

Read More
Read Our Blog >
Customer Testimonials >

Read More
  Who We Are
Our Insurance Carriers
Meet Our Staff
Customer Testimonials
  Auto Insurance
Life Insurance
Home Insurance
Health Insurance
Business Insurance
Other Insurance
  3 Convenient Locations Serving Michigan
Phone: 800.924.3002 | Fax: 231.924.1055