One of the most important things you need to do regarding your commercial insurance needs is to reevaluate them over time. Your company’s insurance needs can change as your company changes.
At All-Tex Insurance, we provide commercial insurance. The following are three situations where your commercial insurance needs change in Granbury, TX.
Changing your commercial facility location
Property insurance coverage is an important aspect of a commercial insurance policy. If you change your facility location or purchase a new commercial facility, you may need to update your commercial property coverage.
Are your facilities covered with commercial property coverage? If not, you need to update your policy. You should also know that your insurance provider will need to evaluate your company’s new property acquisitions if you want to enjoy commercial coverage on them.
Developing new products
Whenever your company sells a product, you are subject to various liabilities. Even before you develop a new product, you should research the insurance needs that selling this product will entail.
That’s why it’s important to reevaluate your company’s liability coverage needs whenever you develop and begin selling new products.
Beginning to use a vehicle for company operations.
Business owners need to understand the need for commercial auto coverage. You cannot use personal auto coverage when you are using a vehicle for business operations.
Have you recently started using a vehicle to help you with deliveries, service appointments, or other business functions? If so, you need to make sure that your commercial insurance includes commercial auto coverage.
Let us know if you are looking for commercial insurance coverage in Granbury, TX. We’ll help you find an appropriate policy for your changing needs at All-Tex Insurance.