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.

Product/service changes

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.

Commercial insurance is one thing you can’t do without if you own a business. It’s a critical tool that protects your business. If you already have commercial insurance, chances are it’s outdated. As the business expands or changes, so should your commercial insurance coverage. Having the right commercial coverage ensures that you have the financial protection required if a disaster strikes. If you have a business in Snellville, GA, or in its surroundings, here are triggers why you should update your commercial insurance with Birdsong Agency Inc.

• Office relocation: If you have moved your office premises to a new location, it’s time your insurance agency gets to know. The location of your business is one of the factors that influence commercial insurance premiums. So, your new location may either increase or decrease your premium rates.
• Introduction of a new service or product: As you begin to find ways of increasing your business revenue streams, you may start to offer new services or products. These new services or products may pose new risks of a liability claim, thus the need to update your commercial name.
• If you acquire new business assets: As your business grows, you may acquire more assets like equipment, tools, computers, vehicles, etc. Not updating your commercial insurance may put your business at risk of losses if an unfortunate event occurs.
• Change of employees: If you add or reduce employees, your insurance agents must get to know you. It will ensure you have the right coverage in case of any claims.

Commercial insurance in Snellville, GA

Regardless of your industry, commercial insurance is a must-have for all business owners. Ensure you have the right coverage that protects your business from potential risks. Ready to update or purchase your commercial insurance in Snellville, GA, or the surrounding area? Contact us at Birdsong Agency Inc. for a quote.

When you are running a business, you have a lot of worries on your mind. It may seem like every day and every year there are new challenges that seem bigger than the last. That is what Georgia commercial insurance is for, to help you feel more secure against the risks and challenges that impact your business every year.

At Birdsong Agency Inc., we want Snellville, GA business owners to be protected against every risk. Business interruption is a serious concern that every business owner worries about every day. 

Contingent business interruption insurance is a unique kind of commercial insurance that can cover you in the event of a unique business situation.

Business Interruption Insurance

Standard business interruption insurance covers you in the event of an interruption to your business for specific reasons. When your business is interrupted by any of them, you can make a claim with your insurance company and recover revenue and other expenses.

This insurance can be used in the event of damage to your property that interrupts your business, property damage that prevents customers and employees from coming to your business, or a government closure.

Contingent business interruption insurance functions a little differently.

Contingent Business Interruption Insurance

Business interruption insurance helps with your risk management, but contingent business interruption insurance takes that one step further. In this case, you would have business interruption insurance that can be transferred to a third party.

If, for example, a vendor experiences problems or their own business interruption, you can make a claim on contingent business interruption insurance. Contingent business interruption insurance helps you to recover damages caused by a third party, and not by an event such as a hurricane or government shut down of your own premises.

Get a Quote

Do you know if you have contingent business interruption insurance? At Birdsong Agency Inc., we can help Snellville, GA business owners and operators ensure their commercial insurance is thorough. Call us for a quote today.