Click to CallAre you planning to offer new services and products in the future? Maybe you’ll be operating out of a larger facility or hiring more employees. A business expansion project may require additional commercial insurance protection. Review the following categories.
Expanding Services
Offering new services to your customers carries moderate risks. When offering any new service, you must consider the risk of injury or damage.
As a result of these risks, you may need more commercial liability insurance protection. This type of insurance coverage will protect you as a business owner. It will also protect the employees who will be providing the new services.
Inventory Modifications
If your business upgrades include inventory modifications, you may need more insurance protection. Your commercial insurance policy can cover all the new items you will store in your facility.
The commercial coverage you add to your existing policy will protect your inventory from damage and theft. If you add liability protection to your insurance policy, the inventory will be covered if a product causes harm to a consumer.
Operating Your Business from a Larger Facility
Operating your business from a larger facility may drastically change your insurance needs. The new building should be inspected thoroughly.
During your inspection, you should record information about any materials, furnishings, or other business possessions that you would like to add to your commercial insurance policy.
Consulting an Insurance Agent
Contact one of our Vance Insurance Group LLC agents. An agent who is qualified to represent Oklahoma City, OK will advise you. They will base insurance recommendations on your business expansion plans.
