Just as small businesses tend to grow in size over the years, so too many sole-traders find the range of services they initially offered may expand or even transform to some degree. Should you make any alterations to your business in terms of products or services offered, then it’s important to update your MA business insurance.
Any insurance contract is relevant to the information provided at the time of purchase. Make changes to your business terrain, and you may find that you need to adapt your insurance policy in order for it to best protect your business. Should you start selling overseas, you may need to extend your coverage to protect goods in international transit. When you start opening your home office to clients or begin to offer any form of professional advice, then you may need to increase your liability coverage. In a case where you move your business online, you might benefit from computer interruption coverage, data loss protection and a whole range of other insurance options. These are just a few examples.
Property coverage is certainly just one aspect of MA business insurance. To stay on top of your needs – and options – you should keep in contact with your insurance agent. Do this regularly as your business grows and changes, and feel free to phone him/her at any stage for advice.