Your business may undergo changes throughout your ownership. These changes may require more insurance coverage. Consider the situations below, as they may indicate that you need to modify your existing commercial insurance policy.

Expansion to a Larger Commercial Facility

If you decide to move your business to a larger facility, you increase the workspace that you are responsible for maintaining. The risk of damage occurring within a larger area may increase. Before your business expands, consider the risks involved with operating from a new commercial facility. Your commercial insurance policy should cover structural materials, technological equipment, inventory, and vehicles.

Liability protection is a type of insurance coverage that will protect you if someone sues you. This coverage will protect against injuries on your business property or inside the commercial facility you own and operate.

Increased Workforce

As time progresses, you may decide to hire more employees. Expanding your workforce comes with additional responsibilities. If you currently have a disability or workers’ compensation coverage, you may want to include your new employees in either insurance plan.

Construction Project

If you plan on modifying your commercial building, the active construction project may require additional insurance protection. Consider the type of equipment that will be used to perform the upgrades. Then, seek insurance protection that will cover you against damage and injuries that occur on your property.

Commercial Insurance Services in Cincinnati!

An agent who serves Cincinnati, OH, can assist you with the upgrades you seek for your commercial insurance policy. Contact one of our Advantage Insurance Network agents to schedule a meeting with them. The agent will review your policy and make recommendations for you.