Rocky Mountains

Another Year, Another Renewal

Important Topics For A Colorado Springs  Business Insurance Renewal

A Business Insurance policy renewal date depends on a number of things, including when you started it originally.  You renewal may be just around the corner, so we thought we might share some of the topics which Insurance renewalare important to review as part of your business insurance renewal.

Big Picture Business Insurance Renewal Questions

What Has Changed In Your Business?

These questions are important, as the resulting answers can change your risk, insurance program design, and ultimately your business insurance premiums.

  1. Have you added any new locations?
  2. Do you now sell, design or manufacture any new products?
  3. Did you update or remodel your facility?
  4. Did you make any investments in your business?
  5. Have you sold any personal property or equipment?
  6. Have there been any changes in ownership?

Other Important Business Insurance Renewal Questions

These are also important and can affect your premiums

  1. Have you added any employees?
  2. What are your projected sales for the next year?
  3. Are you planning on any changes with your commercial autos?
  4. Have you entered into any new leases or contracts?
  5. Have you designed protocols in the event of a cyber-breach?
  6. Have you added any security systems, including alarms, surveillance cameras, etc?

Business Insurance Coverages To Consider

We want our clients to be aware of business insurance coverage available to them. Here are a few of the important ones.

  1. Professional Liability
  2. Cyber Liability
  3. Employment Practices Liability
  4. Flood
  5. Workers’ Compensation
  6. Bonds and Employee Dishonesty
  7. Nonowned automobile liablity

 

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