Your Business Insurance Renewal Checklist
Insurance Neighbor • July 4, 2024
Consult with an Insurance Agent
- Property Damage: Insurance coverage for property damage protects against losses due to events like fire, vandalism, or natural disasters, ensuring that physical assets such as buildings, equipment, and inventory are adequately protected.
- Liability Claims: General liability insurance covers legal expenses and damages arising from third-party bodily injury, property damage, or personal injury claims against the business. This includes slip-and-fall accidents on the premises or product-related injuries.
- Professional Liability: Also known as errors and omissions (E&O) insurance, professional liability coverage protects businesses that provide professional services or advice against claims of negligence, errors, or omissions that result in financial harm to clients.
- Employment Practices Liability: EPLI insurance protects businesses against claims of wrongful termination, discrimination, harassment, or other employment-related issues brought by employees or former employees.
- Directors and Officers (D&O) Liability: D&O insurance covers company directors and officers against claims alleging wrongful acts, errors, or negligence in their managerial roles, including lawsuits from shareholders, customers, or regulatory agencies.
Review Current Coverage
Assess Business Risks
Workers' Compensation Coverage
Consider Additional Coverage Options
Review Deductibles and Premiums
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