National Insurance Awareness Day: Tips for Checking Your Policy


Organize.

 

Whew! It’s that time of year again–National Insurance Awareness Day, the day set aside on your calendar to check out your insurance policies and make sure you have the right coverage in place.

Insurance is an important part of running a successful business, so it’s important that you have a good understanding of the risks your business poses. So, we thought it would be helpful if we put together a list of things to look out for, as you’re checking out your policies.

When you’re reading your policy or chatting with your broker it is important to think about these things:

  • Has your business grown? It might be time to up the limit on some of your policies to cover additional property and employees.
  • What’s excluded? Something you need coverage for could easily be excluded under your policy. For example, there are uncovered natural disasters in most Commercial Property policies. Make sure the weather your area is most prone to is covered. If not, you may need an additional policy to cover your needs.  
  • What’s changed? As your business has become more established, it is likely things have changed. For example, if you have begun taking credit card purchases online it might be time to get Cyber Insurance.

Of course, you can always get in touch with a CoverWallet expert. We’ll help you go through your policies with a fine-toothed comb.

Besides that? Treat yourself to a little cake while you’re going through your policies and have a happy National Insurance Awareness Day!

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Related Reading: Get a Quote Checklist: Become Quotable 

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