Your Business Insurance Policy Checklist

As your company grows and changes, your insurance coverage should keep pace. Staying ahead of potential risks can help turn unexpected challenges into manageable inconveniences instead of costly setbacks. Scheduling periodic check-ins with a knowledgeable insurance professional ensures your policies stay aligned with your operations, assets, and evolving risk profile. Use this checklist to review your current coverage and uncover any areas where you may need additional protection.

General Liability Insurance

General liability insurance is a foundational policy for nearly every type of business. It helps protect you from claims involving injuries, property damage, or personal injury that occur in the course of everyday operations. Without it, a single lawsuit could significantly impact your bottom line. Be sure your coverage limits match the size of your business and the level of exposure you face.

Commercial Property Insurance

Commercial property insurance helps safeguard the physical components of your business, from buildings and equipment to furniture and inventory. Whether you rent workspace or own multiple locations, each property should be insured appropriately. Review your policy to ensure it includes coverage for events beyond basic fire and theft, such as vandalism or certain weather-related losses.

Business Interruption Insurance

When an unexpected event forces your business to pause operations, business interruption coverage can help replace lost income and maintain essential expenses like rent, utilities, and payroll. Understanding your policy’s waiting period and duration of benefits is key to knowing how long your business will be supported through a temporary shutdown.

Commercial Auto Insurance

Any business that relies on vehicles, whether for deliveries, sales calls, or transporting materials, should carry commercial auto insurance. Personal auto policies generally won’t cover incidents that occur during business use. Make sure your policy includes coverage for liability, collisions, and uninsured motorists, and consider protections for employees who drive their own vehicles for business errands.

Workers’ Compensation Insurance

Most states require employers to carry workers’ compensation insurance. This coverage helps pay medical expenses and lost wages if an employee is injured while performing job-related duties. Keeping payroll and job classifications up to date ensures your policy accurately reflects your workforce and provides proper protection.

Cyber Liability Insurance

As digital threats continue to rise, cyber liability insurance has become increasingly important. This type of coverage can help with costs related to data restoration, legal assistance, customer notifications, business interruption, and even ransom payments. Because coverage varies widely, it’s essential to review the specifics of your policy, including limits and exclusions.

Professional Liability Insurance

Businesses that offer specialized expertise or professional services should consider professional liability insurance, often called errors and omissions (E&O). It provides protection against claims involving mistakes, missed deadlines, or perceived professional negligence. This coverage is especially important for industries like law, consulting, real estate, healthcare, and accounting.

Work With a Trusted Advisor to Keep Your Coverage Current

Insurance can be complex, and gaps in coverage can expose your business to unnecessary risk. Partnering with an experienced CT3 Insurance Group agent can help ensure your protection keeps pace with your company’s growth, industry demands, and operational changes. Regular reviews can reveal opportunities to strengthen coverage, adjust limits, or even reduce costs.

To make sure your business stays protected, connect with our team at 984 235-0850. We're here to help you stay focused on what matters most—running your business with confidence.