Is my business insurance still eligible if I make any changes to the operations of my company?
Your insurance should be as unique as your business. If you alter your business or operations you may be altering your risk exposure. It is important to notify your broker of any planned changes to your business model. This may include changes to the product you manufacture, the process for manufacturing or offering new types of goods or services. Perhaps you are planning to start offering installation services for the products you distribute. These operational changes are called a “material change in risk” and can impact the type of coverage you need or the premium charged by the insurers. It’s a good idea to speak to your BrokerLink broker before moving forward with any business modifications that may impact your coverage.