Commercial insurance policies aren’t meant to remain "set in stone" long-term. Business changes often call for changes to current policies to ensure your assets are fully covered. You may even need to take out new forms of insurance as your business grows and becomes increasingly profitable.<\/p>\n
If you’ve added products to your product line or pulled old products from your shelves, update your product liability policy. This ensures that new products are covered, and old products don’t affect your current policy costs.<\/p>\n
Renovations to your venue call for changes to your property insurance policy. Your insurer may even send an appraiser to your business to update its value and ensure it’s fully covered. <\/p>\n
You may also need to make changes to your commercial liability policy. This is especially true if your renovations affect customer safety. Even small changes, such as adding steps to your front door or putting in a new smoke alarm system, affect liability coverage.<\/p>\n
Portland, ME, business owners must have workers’ compensation insurance for all full-time employees. If you hire or fire workers, inform your insurer of the changes, so your policy covers all current employees, and you’re not paying extra for people who don’t work for you anymore.<\/p>\n
Did you buy new machinery, new furnishings, or a new business vehicle? Make sure these are covered before you start using them in earnest. <\/p>\n
Noyes Hall & Allen Insurance in Portland, ME, can help you assess your commercial insurance coverage needs and pick a policy (or policy bundle) that covers your business at a cost you can afford. Give us a call today to get your questions answered and start reviewing policy quotes. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Commercial insurance policies aren’t meant to remain "set in stone" long-term. Business changes often call for changes to current policies to ensure your assets are fully covered. You may even need to take out new forms of insurance as your business grows and becomes increasingly profitable. When to Change a Commercial Insurance Policy Product Changes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[157,155,153,75,63],"class_list":["post-6886","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-commercial","tag-insurance","tag-me","tag-noyes-hall-allen-insurance","tag-portland"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=6886"}],"version-history":[{"count":1,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6886\/revisions"}],"predecessor-version":[{"id":6887,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/6886\/revisions\/6887"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=6886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=6886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=6886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}