Change happens, whether that’s a good change or bad change, sometimes businesses need to make changes in order to adapt or to grow. When changes happen with your business, whether they are big or small, you might need to inform your insurer to let them know to ensure your business is still protected and your insurance policies remain valid. Some changes could invalidate your current policies which could mean you have fewer options available to you should the worst happen or should you need to make a claim.
Much like when you insure your personal vehicle, if you make a change to its engine or change what you use your vehicle for (for example), you need to let your insurer know – the same goes for your insurance when you make changes to your business. Not only will this help to keep your policies in order but making a change on your policy could even save you money in the long run.