Your car gets an oil change every 5,000 miles. You probably see your doctor for an annual physical. How often do you review your business insurance to make sure you have the best protection for your company?
 
Most business owners are familiar with the four standard types of commercial insurance: commercial auto, general liability, property and workers’ compensation. These are the essentials.
 
But, different businesses have different needs when it comes to insurance. A construction or manufacturing business might benefit from different coverage than a professional services firm. Companies can explore flexible options that can be tailored to their specific needs, such as coverage enhancements and risk management programs.
 
For example, businesses that have commercial fleets can use technology to reduce or prevent distracted driving. Telematics can be used to monitor and analyze driver behavior. Companies can collect data on sudden stops, acceleration and lane departure — then work with drivers and a risk management professional to develop a plan to improve fleet safety. Cell blocking technology also bans the use of handheld devices while operating a commercial vehicle or personal vehicle used for business.  
 
Companies should also consider flexible coverage options, such as property coverage enhancements that protect the specific needs of a business. Any company that operates machinery may suffer from costly interruptions if equipment breaks down. Since few insurance carriers offer coverage for machine breakdown, it’s important to consider one that does. They can help keep a business up and running despite an equipment failure. 
 
A third option to consider is an injury prevention program to complement a company’s workers’ compensation policy. For example, workers can use wearables that detect ergonomic movements that might cause injury, and alert workers to adjust their movements. Managers can use this data to train workers accordingly and prevent strains and injuries often caused by an improper twist, reach or lift. With the use of technology like wearables, businesses can reduce claims.
 
Do you have the right protection for your business? Amerisure can help. Talk with an agent today.