Commercial insurance is essential for any business owner, whether you run an office space, a retail store, or a warehouse in an industrial zone. Dealing with potential lawsuits and financial loss can be devastating, which is why it’s essential to review your policies periodically for the best coverage. At JC Demo Insurance Group, serving Matthews, NC, we’ll help you find the best commercial insurance policies to ensure you have adequate coverage year-round, especially if you’ve recently made new investments in your business.

Review Your Policy Annually

Annual policy reviews are essential for any commercial business owner. This provides an opportunity to compare your existing coverage with the evolving needs of your business. During the review process, you’ll want to evaluate your liability limits and property values, equipment updates, workforce changes, and any new products or services you are offering to your customers and clients.

After Major Changes

After any major changes to your business, it’s also wise to review and potentially renew your commercial insurance policy. Some major changes that require research into your policy may include:

• Adding new employees
• Investing in new equipment or commercial vehicles
• Renovating or expanding your existing commercial space or building
• Moving locations
• Signing new contracts or working with new clients
• Changing the structure of your business 

Knowing when to review and renew your commercial insurance policies is crucial anytime you go into business, regardless of the line of work you’re in. The more familiar you are with policy changes and demands, the easier it is to maintain protection when you need it most. To learn more about your existing commercial insurance policies and when to review them, contact JC Demo Insurance Group. We’re currently serving Matthews, NC.