Last week we discussed the wisdom of reviewing your seasonal insurance coverage, specifically your watercraft insurance coverage and your ATV insurance coverage across VA, MD, and DC. Seasons change gives us pause to check many things in and around the house and your business insurance coverage is no different. Things change over the course of a business year introduces the potential to change your small business' liability insurance coverages.
Do you and your employees engage in any new service offerings that might present risk that previously did not exist? Did you eliminate high risk service activities that might allow you to decrease insurance coverage? Did a new business partner or strategic business relationship emerge over the last year that presents circumstances that could threaten continued business operations if he/she/they disappear? What happens if that new relationship either accidentally (or intentionally) goes south and you and your business are suddenly subject to new liability risks that did not previously exist. As your business grows and matures, the specific coverage within your comprehensive insurance policy can change dramatically.
Last week we discussed umbrella insurance policies for the home and the boat, but every business owner should discuss the merits of an umbrella insurance policy to cover catastrophic business-related accidents as well. This subject presents the true advantages of trusting independent insurance agents like us here at TriState Business Insurance serving small business owners across Virginia, Maryland, and DC. We serve as your agents and shop over a dozen A-1 rated insurance carriers on your behalf. We deliver custom policies for your business that deliver far greater value than the policies that insurance company sales staff will pitch to you.
Like most business owners focused on business operations, there is little time to consider the vast variety and quality of insurance offerings. We're here to do that for you. Insurance value fluctuates from carrier to carrier. Our professional skill centers upon which insurance companies deliver the most value based on your unique coverage requirements. We invite you to contact us for a no-fee consult that time and time again put our clients on the path to increased business insurance coverage at decreased cost.