Commercial Insurance Blog

When to Call your Insurance Agent

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Notifying your insurance agent of changes prevents suffering an uninsured loss. Any changes that could affect your insurance policy or coverage should be discussed with your agent.  Examples of changes that you should report immediately include:

  • Location change

  • Mailing address change

  • Additional locations

  • Expanding operations into new states

  • Changes in operations , products or services offered to your customers or clients

  • FEIN change

  • Legal change in entity type (Sole Proprietor to Corporation, LLC, PC etc.)

  • New vehicle – esp. if leasing in a state other than Massachusetts where evidence of insurance isn’t required to take delivery of a vehicle

  • New equipment or other business property

  • Signing a contract or lease - if a transaction involves signing documents there’s no doubt you need to review your insurance coverages

Calling your agent in advance could save you time and money; for example, moving to a new location less than a mile from the ocean will significantly increase the cost for property insurance, restrict coverage options and may require flood insurance.  A call to your agent before signing a lease could prevent additional expense or if the location costs more to insure than you expected, you may be able to negotiate a lease with better terms and rent.

Your agent should be able to tell you with just one quick phone call if the change you’re planning means you need to update your coverage – it’s worth a call to make sure!  To discuss any impeding changes with a Gordon Atlantic Insurance professional, please call us toll free at 800-649-3252.  Prefer to type versus talk?  Use the form at the top left of this blog for a return phone call or email.

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