New Year, New Opportunity
A new year means business growth opportunities, changing market dynamics, and different challenges to overcome. It also means there are new risks to consider, making reviewing your business insurance policies crucial to ensure you are ready for the year ahead.
New cyber threats, changing property and asset values, and evolving types of coverage make yearly insurance reviews worthwhile. With a quick call to your agent, you can rest assured that your company is adequately protected.
The following checklist will ensure you stay on top of all the necessary action items to bulletproof your business in the new year.
2025 Business Insurance Checklist
Go through the following business insurance checklist to verify your coverage is up to date:
- Consider Liability Issues: General liability insurance is one of the most important coverages for any business. Be sure to consider any new liability risks that could arise in the coming year.
- Analyze Commercial Auto & Property Coverage: Does your commercial auto or property insurance need to be updated? Values of assets constantly change, and your insurance policy should reflect the most current costs.
- Review Workers’ Compensation Policies: If you are in an industry where workers’ compensation applies, be sure your policy is up to date with the latest employee numbers and roles.
- Examine Cyber Insurance & New Risks: Cyber insurance is a sector changing more rapidly than many others. Be sure you are aware of the most recent cyber threats and tactics to avoid potential breaches.
- Update Umbrella Policies: Ensure your umbrella policy is still adequately covering your business, given any changes over the past year.
- Assess Insurance Needs: Take some time to discuss any other coverage needs your business might have with your insurance broker.
Do You Have Commercial Insurance Questions?
If you have any questions about commercial insurance, please contact Steve Longenecker (303-808-9351 x2) at Mountain Insurance: Longmont.
We give out $25 gift cards for referrals that become our insurance clients.
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