How Often Should You Have Your Commercial Insurance Policy Reviewed?

Business owners in Mishawaka, IN need to have their commercial policies reviewed occasionally to make sure they have the coverage they need to protect themselves from financial loss. The agents of Kevin Dennis Insurance Agency can review your policy and identify areas where more insurance is needed. In some cases, they may be able to create an umbrella policy that will offer additional benefits at an affordable cost.

How Often Should You Review Your Policy?

While there is no normal statute as to when a policy needs to be renewed, the rule of thumb is two to three years. One reason for this is that guidelines change as to how much insurance is required for certain things, like liability and Workers Compensation. Having your commercial policy reviewed every few years will ensure that you remain in compliance with these guidelines.

What Happens If My Business Changes?

Another reason to have your policy reviewed on a regular basis is growth or expansion. If your business continues to grow each year, you will eventually outgrow your current policy making you at risk for financial loss if something happens that suddenly affects production. It’s important to maintain sufficient coverage, even during periods of continued growth.

The agents at Kevin Dennis Insurance Agency can evaluate your current policy and let you know if changes need to be made. If you live in or near Mishawaka, IN, call and set up an appointment to have your policy reviewed. The agents can help you find the right policy for your business and make sure you continue to have sufficient financial security.