Whether you are a one-person-shop or a large corporation, you need a regular assessment of your insurance coverage needs. These needs might change as your business grows or downsizes, and it doesn’t make sense to fail to cover yourself adequately or pay for insurance you don’t need. The latter subtracts from precious operating cash flow that you could put back into your business to help it grow. This is why many owners rely upon an insurance agency in Bloomfield Hills to assess their coverage needs on a regular basis to determine if the business is protected as is or if it needs to make adjustments in its policies.
Assessing your needs includes evaluating all risks you and your employees face while operating your business. It also takes a look at your current claims process to ensure that it is effective and efficient. It takes into consideration any special coverage needs you might have, such as high-risk workers’ compensation insurance for businesses that conduct dangerous operations. Finally, a look at your management structure will ensure that the appropriate people are named on your policies and involved in all insurance decision-making processes. Contact a qualified insurance agency in Bloomfield Hills today for a complete assessment of current insurance coverage and additional needs.