You hired employees or contractors
Adding people can create new responsibilities and exposures. Review workers' compensation requirements, employment practices concerns, payroll estimates, and how contractors are classified and insured.
You moved or added a location
A new office, storefront, warehouse, or home-based workspace can change property values, occupancy details, liability exposure, and business interruption needs.
You purchased equipment or inventory
New tools, computers, machinery, stock, or leased equipment may exceed the limits shown on an existing policy. Keep current records and consider how long replacement would interrupt operations.
Your services or contracts changed
A new service, larger client, different delivery model, or contract requirement can create liability that older coverage was not designed to address. Pay attention to insurance clauses before signing.
Your revenue changed meaningfully
Premiums and coverage recommendations may rely on sales, payroll, area, or other estimates. Keeping those values current can reduce surprises and help coverage reflect the actual scale of the business.
You rely more heavily on technology
Online payments, customer information, cloud systems, and remote work can introduce cyber and privacy risks that may not be included in a standard property or liability policy.
It has simply been a year
Even without a major milestone, an annual conversation creates a useful checkpoint for limits, deductibles, named insureds, locations, vehicles, certificates, and new exclusions or endorsements.
