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Spring Cleaning Your Insurance Risks

Spring Cleaning your Insurance Risks

Warmer weather and longer days mean the start of spring is finally here. Many people take this time to do some much-needed spring cleaning: organizing their assets and getting rid of things they no longer need. Believe it or not, spring cleaning can apply to your business, too. Spring is the perfect time to take a look at your policies and coverages in order to clean up any insurance risks you may find.

Here are 3 ways you can clean up your insurance risks this spring:

Cover all your bases

The best way to clean up your business risks is to look over your current policies to confirm that you have the proper amount of coverage in place. Many businesses are either underinsured or overinsured and they don’t even know it. While being overinsured will put a damper on your wallet, being underinsured leaves you vulnerable to any claims that might not fall under one of your current policies. Be sure to look at all facets of your business like you would your home. Are your employees insured? Is your property insured? Have you expanded recently and need to cover the expansion? There’s no such thing as being too cautious when it comes to the livelihood of your business.

Check your regulations

If you’re in an industry that mandates a lot of extra preparation and coverages for a potential hazard, or in one where regulations tend to frequently change or fluctuate, you should be checking up on your coverages regularly. The last thing you want is to be improperly covered should an incident occur. A little prep work and visitation can save you a lot of headache – and money.

Work with a provider you trust

A lot of insurance agencies will only scratch the surface with you when it comes to your policies. This means they’ll only meet with you once a year to go over the basics of insurance. At Snellings Walters, we believe that transparency and truth engagement is key to keeping your business protected the way it should be. If it’s been a while since you’ve checked your insurance policies, give us a call at 770-637-1727 or reach out to us here. We’ll help you assess your current risks and develop a realistic and reliable business continuity plan that’ll keep your business protected all year long.