- General liability doesn’t cover every business risk.
- Property insurance may not cover every type of property loss.
- Business interruption coverage has specific requirements and limits.
- Professional liability differs from general liability.
- Cyber risk may require separate coverage.
- Employee-related risks can require different policies.
- Commercial auto is generally distinct from general liability.
- Product liability can be especially important for manufacturers and sellers.
- Policy exclusions deserve as much attention as coverage descriptions.
- Coverage limits can be inadequate after a major loss.
- Deductibles directly affect your out-of-pocket exposure.
- Business valuations and property values can change.
- Underinsurance can create serious problems after a claim.
- Inventory levels can fluctuate.
- Equipment replacement costs may exceed historical purchase prices.
- New locations may require policy updates.
- Acquisitions can change the risk profile.
- New products can create new liability.
- Contractors and subcontractors can create additional exposure.
- Certificates of insurance aren’t substitutes for policy review.
- Policy endorsements can materially change coverage.
- Renewal pricing may change substantially.
- Claims-made policies can have special timing considerations.
- Ask what happens if you stop paying or switch insurers.
- Review insurance annually as the business changes—not just when the policy renews.
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