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How to scale your insurance as your business grows

by The 100 Companies

As your business grows, so do its associated risks. Here are a few ways to scale your insurance needs to ensure everything is fully protected:

• Business location upgrades – Review your property insurance to cover location changes or office renovations.

• Employee headcount changes – Aside from workers’ compensation, consider adding group health insurance, mental health benefits or retirement insurance.

• New products/services – Consider product liability insurance or updating your professional services insurance.

• Computer system upgrades – Cyber liability policies covers digital assets, should your sensitive data files get compromised.

• Additional equipment – Update your equipment breakdown policy to reflect asset changes like new company vehicles.

– Jeff Arnold, RightSure

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