What Changes Can Effect Your Company Insurance Policy?

Keeping your business protected with all of the insurance needed is our goal at ALLConnecticut Insurance. We know that running a company is not static. Changes are inevitable. Those changes can occasionally effect your insurance policy, so if you have made any of these changes to your business it may be time to update your commercial insurance. We serve the community in and around West Hartford, CT with quality insurance services. 

Changes That May Effect Your Commercial Insurance Policy

  • Significant Change in Number of Employees – If you need to hire new employees or perhaps fire one or some it is important to update your policy to reflect the people who are covered appropriately to make sure that you (and they) are fully protected by insurance. 
  • Significant Increase or Decrease in Revenue –  To make sure you are protected to the fullest extent your limits should be increased as your revenue increases so if things go wrong your coverage reflects your needs. This is also true if you revenue decreases. 
  • Change of Location or an Additional Location – Moving your business is not as simple as just moving the insurance policy. Your new location will need to be assessed for risks and your insurance policy may change with the new location or additional location. 

As a rule of thumb, it is a good idea to contact your insurance agent if you make an alteration to your company that is previously unknown on the policy. This will mean any new equipment, employees, etcetera are fully covered if things go awry. Contact us at ALLConnecticut Insurance for more information. We serve West Hartford, CT, and the surrounding areas.