Getting the most out of your small business insurance means having a clear understanding of what is and isn’t covered by your policy. Establishing a relationship with a small business insurance agent is essential. Your agent can answer questions and ensure you fully understand your coverage.

There are several things you can do to keep insurance expenses in check. Performing an annual risk assessment and identifying actions you can take to lower your insurance costs is the first step. Also, your agent can be a great resource to review your existing policies and deductibles, to make sure your coverage and limits are appropriate for your business. Lastly, if you purchase more than one insurance policy from the same agent, don’t forget to ask if you qualify for a multi-policy discount.

At the most basic level, insurance helps you manage the risk of loss for your business. You don’t want to experience a loss that would have been covered if you’d had the right policy in place. Spend time assessing your operational risks to determine your greatest risk factors. Our knowledgeable insurance professionals can also review your policies in order to look for gaps in coverage.

If your business is the victim of theft or a fire, or if a pipe breaks in your store or office, you’ll want to make sure to report the loss right away. This will help get your business back on track as quickly as possible. Learn how Great Lakes Auto Home can get you back to business by contacting us before filing a claim.

The demands and opportunities your business faces are constantly shifting. The good news is that there are coverages available to adapt to your needs. As your business grows, offers new products or services, buys new equipment or develops new revenue streams, you may also take on new risks. It’s a good idea to review whenever something significant changes, and at least once per year, to identify overlapping coverage or new areas of risk.

Great Lakes Auto Home is here to help you find appropriate coverage, answer questions, and, when necessary, file a claim. Contact us by calling (630) 441-1003.