Growing your business means adjusting your insurance coverages.
We understand how hard you work to build and maintain your business. With time, money, and a lot of hard work, you’ve grown your business up from the ground up. Now that it’s taking off, it’s important to protect your ever-growing company.
With an insurance policy in hand, you should be fine, right? While ‘yes’ is the answer, it’s time-dependent. A standard insurance policy may be ideal for your business when it first starts off, but now that you’ve grown into employing 100 more people and moved to a larger location, it’s time to reevaluate that basic, bare-bones policy.
Changes That Effect a Business Insurance Policy
Life doesn’t stand still, and neither should your business insurance. Markets change, businesses grow, and your insurance should always reflect your current threats and risks. Even minor changes can have a significant impact on your coverage.
Here are circumstances that commonly affect business coverage:
- An increased workforce
- Decrease or increase in size, revenue, or staff
- Senior management within 5 to 10 years of retirement
- Changed location or expanded current location
- Equipment purchased or new machinery installed
- Business spread across multiple states
- Use of social media
If your business checks even one of the above boxes, it’s time to contact your agent! Staying protected from the unexpected can be the difference between sinking your company, or overcoming a minor problem!
Are you ready to secure the most reliable business insurance coverage to suit your business’ needs? Contact the professionals at Young Insurance, serving Burbank and neighboring cities in California, to get started today.
