Is It Time To Review Your Commercial Insurance Coverage?

You renew your commercial insurance every year, but do you take time to review it? If it’s been a while since you relooked at your commercial insurance for your St. Augustine, FL business, it’s time you gave it a second thought. Reviewing your commercial insurance allows you to see whether it covers your current needs. Besides, it ensures that you are not overpaying or underpaying your premiums. 

Wondering when it’s an ideal time to review your commercial insurance? Hang on as Tim Huber Insurance shares insights. It would help if you renewed your commercial insurance when:

Downsizing or expanding

Are you moving to a smaller office? Or perhaps, you are adding another store? Are you considering new products in your business offering? Either way, you need to review your commercial insurance to ensure you are optimally covered. 

When hiring new employees

You know that employees are your most valuable assets. With this in mind, you need workers’ comp insurance to shield your employees from work-related injuries and illnesses that may hamper their productivity. Since your workforce changes from time to time, you need to update your commercial insurance policy to cover your current needs.

You want to use your personal vehicle to run business operations

Would you want to convert your vehicle to run business errands? You may need commercial auto insurance. Why? Personal auto insurance won’t cover you in case of an accident when using your vehicle to carry out commercial duties. 

You are relocating

Are you moving or adding new locations to your business operations? You need to update your insurance agent about your new business locations. Some areas are prone to risks like floods, theft, and so forth. As such, your commercial insurance requires adjustment to cover your current insurance needs. 

Commercial Insurance in St. Augustine, FL

Do you want more information about commercial insurance? Please contact Tim Huber Insurance to answer your commercial insurance queries. Better yet, we will help cover your business if shopping for commercial insurance coverage.