You’ve invested a lot of time and money into your business and you want to help keep it safe.
Business insurance helps to ensure that all you’ve invested in your business is protected in case of a covered accident, disaster, disruption or emergency.
Unfortunately, not having the appropriate amount of insurance (underinsurance) can be an issue for many business owners.
Another common pitfall is not having the correct type of insurance to cover your property (uninsured). For instance, basic insurance policies have limited coverage for property that leaves the premises. This property may require mobile equipment coverage to be insured properly.
If policy information is not correct or missing, such as not listing all of your business operations and locations on your policy, it can also lead to coverage issues if you need to file a claim.