Commercial Insurance Renewal Checklist

When renewing your commercial insurance policies, it is crucial to review or possibly alter your policies to adjust your changing goals and needs. Consider additional coverage options and explore different policies offered by Trusted Insurance Partners LLC. Also to ask yourself the question: have there been changes to your business operations? Here are some questions to help check off on your checklist for your commercial insurance.

1. Has your business relocated?

Relocating or expanding your business may need adjustments to the general liability insurance or business owner’s policies. Location can impact pricing and you want to be sure to be insuring the right location!

2. Has your employee count changed?

Changes in staff count may cause a need to update to your workers’ compensation insurance policy. As employees are hired or leave, the details on your worker’s compensation should be modified accordingly. This guarantees that all employees have coverage and that business owners are not paying for individuals who are no longer a part of the company. 

3. Have you acquired any new business equipment?

If your equipment is transported from one job site to another, you will need inland marine or equipment breakdown coverage, depending on the value of the tools and equipment.

4. Did you purchase or sell any company vehicles?

Businesses that have purchased or sold a commercial vehicle in the past year should update their commercial auto insurance coverage. Changes in the company’s travel radius may also impact the required level of coverage. 

Trusted Insurance Partners LLC is a full service insurance agency here to help with all of your commercial insurance needs.
Contact us today to see how we can help you and your business thrive!