Call Us (866) 994-3253 ☰ ˟
Logo
Call Us: (866) 994-3253
  • Home Page
  • Get a Quote
    • Auto Insurance QuoteImage of right arrow
      • Classic Cars Insurance Request
    • Homeowners Insurance Quote
    • Business & Commercial Insurance QuoteImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers' Compensation Quote Request
      • Umbrella Insurance Quote Request
      • Commercial Auto Insurance Request
    • Recreational Vehicle Insurance QuoteImage of right arrow
      • Motorcycle Insurance Quote
      • Watercraft Insurance Quote
    • Renters Insurance Quote
  • Our Products
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance
      • Commercial Umbrella Insurance
      • General Liability Insurance
      • Workers Compensation
    • Homeowners
    • Renters
    • Motorcycle
    • Recreational Vehicle
    • Watercraft & Boat
  • Blog
  • Make a Payment
  • Resources
    • Secure Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Us
    • Location(s)
    • Testimonials
    • Privacy Policy
  • Contact Us
    • Contact Us
    • Join our Newsletter
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Commercial Icon

Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Recreational Icon

Recreational

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Review Your Business Insurance Policy Before You Agree to Another Year
TUESDAY, JANUARY 18, 2022

Review Your Business Insurance Policy Before You Agree to Another Year

Many business owners are so busy that they do not take the time necessary to review insurance policies on a regular basis. However, these policies are comprehensive and incredibly important. If your business has the same policy it has had for years, it may be time for an upgrade or modifications. Doing so can help to ensure the policy provides you with comprehensive coverage when your time of need does occur. Why does it matter? 

Why Your Business Insurance Needs an Annual Review 


There are many reasons to review your business insurance on a regular basis. Before renewing your policies, take the time to check out the policy's details to ensure they are accurate and still meeting your company's financial needs. You should do this because: 

  • The value of your business may have changed 

  • Your liability or risks may have changed 

  • You may be able to get a significantly lower cost for your business insurance by working with your independent insurance agent 

  • You may need to upgrade or reduce coverage based on new processes, equipment or procedures 

  • Your business's asset value may have changed 


Reviewing your insurance policy with your agent doesn't have to be hard to do. Schedule some time to talk to your agent on an annual basis to ensure the continued protection of your business. 

What to Look at When Reviewing Business Insurance 

Business insurance is comprehensive and every component is important to consider. Take the time to look at these components of your policy before you sign up for another year of coverage. 

  • How much coverage do you have with this policy? Is it enough to meet your business' needs right now? 

  • What risks does your business face on a regular basis? Are you at an increased risk for some reason? 

  • Many policies have exclusions on coverage. Review them to ensure these do not impact your business functions. 

  • Review your workers compensation coverage thoroughly. Determine if available safety programs, reduced claims or other discounts may be available to you. 

  • Ask for a lower rate. You may also want to consider deductibles, rewards or discount offers, or other savings opportunities that may be present. 


Business insurance varies significantly from one company to the next, but only you can get a policy that meets all of your needs. Talk to your agent about your policy before you renew this year. 

Are you ready to review your coverage? Call Southwestern Insurance at 972-291-2904  for more information on business insurance.  
Posted 5:21 PM

Tags: business, insurance, bop, business, owners, policy, commercial
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • insurance(16)
  • coverage(12)
  • policy(10)
  • business(4)
  • homeowners(3)
  • belongings(3)
  • renters(3)
  • life(2)
  • owners(2)
  • terms(2)
  • bop(2)
  • commercial(2)
  • umbrella(2)
  • car(2)
  • whole(2)
  • retirement(2)
  • personal(2)
  • auto(2)
  • liability(1)
  • vehicle(1)
  • accident(1)
  • recreational(1)
  • classic(1)
  • builders(1)
  • risk(1)
  • apartment(1)
  • vintage(1)
  • rv(1)
  • benefits(1)
  • motorcycle(1)

View Mobile Version

Contact Us Today!
(866) 994-3253

Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

4144 N Central Expy, STE 600
Dallas, TX 75204

PH: 972-291-2904  | Toll Free: (866) 994-3253 | F: 972-291-4065
© Copyright. All rights reserved. | Powered by Insurance Website Builder