When shopping for commercial insurance, it’s always a good idea to settle for coverage that protects your assets in the worst-case scenario. Also, you need to give a second look at your policy every year to ensure your current insurance needs are taken care of. Your business changes from time to time, and so should your business insurance.
Don’t know when to update your business insurance in Snellville, GA? You don’t have to figure it out alone. Here is a guide from Birdsong Agency Inc. But if you still have more questions, don’t hesitate to call or come to our office.
When Should I Update my Commercial Insurance Policy?
Change in workforce
As your business grows, you employ more staff to help you cope with the increasing business needs. And since you are required to purchase workers’ comp insurance for your employees, it goes without saying that you need to update this coverage as your workforce changes.
Purchase or disposal of business assets
Added new computers? Disposed of old furniture? These changes should be reflected in your commercial insurance policy. Periodically conduct an inventory count of your assets to ensure that everything in your possession is insured.
If you add a new product or service to your business offering, your risk level changes, which should be reflected in your commercial insurance policy. Depending on the product you are bringing on board, you may need an entirely new policy, or you just need to upgrade your existing policy.
New computer system
We live in a time where more businesses are going online to expand their customer base. If you have adopted a new computer system to enable your business to go online, it’s time to consider cyber liability insurance to protect you against malicious online activities.
Give Us A Call
Wondering whether you should update your business insurance policy? If you are not sure, help is just one call away. Contact Birdsong Agency Inc. for all your business insurance needs in Snellville, GA.