Running a small business, whether it's a retail shop, restaurant, or auto repair shop, takes passion, grit, and a lot of hard work. With all your responsibilities, it's easy to overlook one critical aspect of protecting your business: your insurance coverage.

As your business grows and changes, your insurance needs evolve too. This is why it's essential to start the new year with a thorough review of your current Commercial Insurance policies to make sure your coverage is still a good fit.

In today's blog post, learn how to make sure your business and property are protected with the best possible coverage for your current and future business needs. Also discover how Aegis Insurance & Financial Services can help you analyze your current policies to identify gaps in coverage and the policies that will best safeguard your company.

Assess Your Current Policies

The first step in your Commercial Insurance review is to look at all existing policies for your business, structure, and liability risks.

• What's covered? Look at the details of your coverage.
• What's excluded? Are there specific risks or scenarios your current plan doesn't address?
• What are the limits? Make sure you're clear on your coverage limits. Are they still enough to protect your business if the unexpected happens?

Aegis can help review your policies and translate the insurance jargon for a clearer picture of your business coverage.

Identify Changes in Your Business

When your business expands or acquires new assets, your Business Insurance should be adjusted to account for these changes. If your business experienced any of these changes below, it may be time for an insurance update:

• Opened a new location or expanded operations?
• Purchased new equipment, furniture, or other assets?
• Hired more employees?
• Have risk factors increased in your area?
• Changed your offerings (e.g., a restaurant adding delivery services or a retail shop starting online sales)?

Any of these changes in your business should result in an insurance adjustment so you're properly protected. An insurance policy that worked last year might leave gaps now, and those gaps can leave you vulnerable if something goes wrong.

Taking a proactive approach to new risks and guarding new property could save you major headaches (and expenses) down the line.

Consult Your Insurance Provider

Once you've done some groundwork, it's time to chat with Aegis to find out the best next steps to getting comprehensive coverage. We can help you:

• Update your policies to reflect any changes.
• Explore new coverage options, including innovative plans and policy bundles you may not have known about.
• Identify and fill any gaps in coverage.

This step is also a great time to ask questions. Not sure if your limits are high enough? Wondering about coverage for a specific risk? Our team of Commercial Insurance agents can help you make confident decisions.

Protect Your Business and Your Peace of Mind

Your business is your livelihood, and the right Business Insurance coverage gives you the peace of mind to keep building, growing, and serving your customers. By regularly reviewing your policies, staying aware of changes in your business, and working with Aegis Insurance & Financial Services, you'll be ready for whatever comes your way.

Reach out to Aegis today at 713-850-7622 and take that first step toward securing your business.