Solvang Insurance Agent Reports When to Review Business Insurance Needs
PR Web
February 09, 2021 The variety of insurance coverage a business might need can range from the required workers compensation, to liability, auto insurance for company vehicles, loss coverage and business partner life insurance.
Rick Torres, recommends periodic review of business insurance to be sure businesses are getting the best coverage.
Period reviews every three to five years are standard, but there are also events that mean it s time to sit down with your insurance agent for a good review. Those events include: Increase in business income is a good thing, but more business and more income means higher risk. Make sure coverage in all areas is providing enough protection. An increase in business often motivates business owners to expand by adding employees, moving to a bigger location, or buying business property instead of leasing. Review insurance needs before committing to these kinds of d