Change is a fact of life for just about every business. If yours is experiencing growth, this probably means you’ve taken on new and increased risks, which it may not be adequately protected against. On the other hand, if you’ve seen a slowdown in revenues or have pared down overhead, you may have reduced your risk exposures. You may be carrying more coverage, and paying more in premiums, than your business truly needs.
If your current insurance coverages don’t meet the changing needs of your business, it’s time to make some critical adjustments. Most insurance professionals recommend that you review your business’s existing policies and exposures at least once a year.