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Avoiding Gaps in Insurance Coverage

Avoiding Gaps in Insurance Coverage

Whatever line of work you are in, it is important to make sure that the insurance you carry is comprehensive. This is more nuanced than it sounds: some business owners think that they are fully covered (for injuries, for mechanical breakdown, or for some other plausible concern) only to find out — when it's too late — that their coverage is lacking.

As a business owner, it is important to be proactive in anticipating, and avoiding, such gaps in coverage. Whether you operate a retail shop, restaurant, medical office, industrial operation, or something else entirely, you must thoroughly review your coverage with an insurer to find anything you may be missing.

Where To Look For Gaps in Coverage?

Depending on your line of work, you may find holes in your insurance coverage in widely varying places. For instance, if you own a business that relies on employees using their own cars for work-related purposes, you may want to be certain that you have a commercial auto policy that covers employees in their private vehicles. Or if you own a restaurant that offers valet parking, double-check to make sure your valets are well-covered.

An experienced insurer can work with you to identify gaps in coverage and alter policies to better protect you.