How Often Should I Review My Business Insurance Policy?

#BusinessInsurance #InsuranceReview #CoverageGaps
How often should I review my business insurance? Often enough to catch the gaps that never show up on your declarations page, which is exactly why they survive for years. A life science testing facility learned this when a claim got denied: the policy they had been paying for was a business owners policy built for a small retail shop, not a testing lab. It excluded products and completed operations, and carried no professional liability, the one thing the company actually does for a living. They had a policy number and a premium and thought the box was checked. In this video, Gordon Coyle walks through the three reasons a program that looks fine at renewal can be sitting on a gap like this, and how to find out if yours is one of them.