Understanding your business starts with understanding the volume of the work you do. If you’re just getting started, you probably spend a lot more time on marketing than you do interacting with customers. This is entirely normal for fledgling businesses, but your commercial policy may need to scale as you get bigger. First Priority Insurance wants the people of Georgia to understand how to scale their enterprise as time goes by.
When you don’t have very many customers, you also don’t have very much liability. You may not have a lot of inventory because you only have a few select clients. You can keep your overhead down to practically nothing if you need minimal supplies.
But what happens when you have more customers? When you have to hire employees? When you have to order three times as much stock to keep up with increased demand? When you have to buy the store next door for more space? The answer is that you need more commercial insurance to limit your liability and ensure you have enough coverage should something happen to your business.
Call Someone Who Knows
The basic solution is to ensure your policy reflects what’s happening to your business, and the way to do it is to talk to your commercial insurance agent. Of course, you can downscale as much as you can upscale, so if your business has downsized, you may not need as many protections.
As you explain the ways in which your business has changed, the staff will look for ways to adjust your policy. If you have questions about how to make this happen, First Priority Insurance can help. We’re here to keep the business owners in Georgia up and running through good times and bad.