Update your commercial insurance as your company grows.
As your business grows, your needs change. You purchase more equipment and hire new employees, and you continue to expand. It’s important that your insurance keeps up with your needs. That way you’re not left vulnerable to business threats. Learn how to determine whether your commercial insurance meets your company needs. Here’s what you need to know.
Have you hired new employees?
When you hire new workers for your business, you must ensure that you have the right insurance coverage. Ensure that you update your workers’ compensation coverage as well as your employment practices liability coverage. Update your coverage amounts so that you have enough to protect your new workforce.
Have you purchased new equipment?
Your business equipment is a pricey investment. Your commercial property coverage helps give you the coverage that you need to repair and replace equipment after a disaster. As you buy new materials, it’s important that you update your policies. That way you never leave your company vulnerable. Increase your coverage limits so that you have enough coverage.
Are you prepared for a lawsuit?
There’s a lot that can go wrong when it comes to your business, and a lawsuit can be financially devastating. Whether it’s due to general liability, professional liability, or cyber liability, ensure that you have the necessary coverage to protect you in the event of an accident. That way you can focus on what you do best instead of worrying about the safety of your business. Update your liability coverage limits so that you’re protected.
When it comes to your business, it’s important that you have enough coverage for your business needs. Invest in the right commercial insurance for your company. Contact the professionals at NorthStar Risk Management & Insurance Services, Inc. in Walnut Creek, California for all your commercial and personal insurance needs.