One of the first things you did after launching the new company was to make sure there was enough insurance coverage for the operation. Since that time, you haven’t given the matter a lot of thought. Since there have been changes over the last few years, now is a good time to revisit your business insurance in Chicago and see if it’s still sufficient. Here are some reasons to conduct a comprehensive evaluation now.
Your business has grown quite a bit in the last year or two. It’s not just more employees interacting with customers. There’s also a broader range of goods and services that you offer to customers. Could it be that you need more liability or some other type of business coverage than you needed before?
Another factor to consider is the limits on the coverage you have in place for certain covered events. The general cost of doing business is higher now than it was several years ago. What’s in place now may not be enough to get things back to normal if a covered event should take place. If so, it’s time to make some changes to those limits.
Don’t overlook the value that sufficient business insurance in Chicago has on the ability to attract new customers. Depending on the industry involved, some potential clients would choose a competitor simply because they have more comprehensive coverage. In order to remain at the top of your field, it’s a good idea to make sure others will find your insurance coverage adequate.
Keep in mind that if you do need to make some changes, there’s a good chance that the rates for new coverage will be more affordable than you expected. That’s especially true if your business now has a superior credit rating and there’s not been much in the way of claims in recent years.
For more information about business insurance in Chicago, please contact the Insured ASAP Insurance Agency or visit their website today.
