1) Has the name of your business changed?
Yes No If yes, have you notified your insurance agent?

2) Has your mailing and or physical address changed?
Yes No If yes, have you notified your insurance agent?

3) Has the nature of your operation changed?
Yes No If yes, have you notified your insurance agent?

1) Have you reviewed the amount of insurance on your building? (if owned) Building costs have risen well about general inflation therefore you could unwittingly become underinsured and be faced with an insurance penalty at time of loss.
Yes No, If No, you should discuss with your insurance agent.

2) Have you conducted a though inventory of your business personal property, including inventory and stock? Keep in mind, inflation can and does impact personal property too.
Yes No, If No, you should discuss with your insurance agent.

3) Have you added any security systems, including alarms, surveillance cameras, etc?
Yes No, If Yes, you may be eligible for additional premium discount, you should notify your insurance agent.

4) Have your revenues and costs of your business changed? If so you may not be adequately insured against your loss of business income and extra expense
Yes No, If yes, you should discuss your insurance agent. (ask your agent to supply you with a business income worksheet to determine your potential loss of income.

5) This question should be answered if you are a home based business without a commercial property or package insurance policy.

Have you discussed with your insurance agent who provides your homeowner’s insurance policy of your home based business?
Yes No If No, you need to make your insurance agent aware of your home based business so the appropriate insurance endorsements can be added to your policy. Consideration should be given to adding the: “HOME BUSINESS INSURANCE COVERAGE” form HO 845 (12/97) to your policy. This endorsement may provide you with needed coverage parts or coverage extensions that are not present under a standard Home Owners policy

1) Has the rating base changed?
Yes No If Yes, you should notify your insurance agent as most general liability policies have an audit provision. This could result in you, after the policy period, being charged more or receiving a return premium since the actual rate base had changed from your original estimate.

2) Have there been any signification changes in your business? For example have you started offering other products or services? Have you added staff (payroll)?
Yes No If yes, you should contact your insurance agent.

3) Have you reviewed the overall financial health of your company? That review should include examining your current limits of liability. Do you have enough liability insurance to protect you and your business against allegation which could lead to litigation?
Yes No If yes, you should contact your a insurance agent.

4) This question should be answered if you are a home based business without a commercial general liability or package insurance policy.

Have you discussed with your insurance agent who provides your homeowner’s insurance policy of your home based business?
Yes No If No, you need to make your insurance agent aware of your home based business so the appropriate insurance endorsements can be added to your policy. Consideration should be given to adding the: “HOME BUSINESS INSURANCE COVERAGE” form HO 845 (12/97) to your policy. This endorsement may provide you will needed coverage parts or coverage extensions that are not present under a standard Home Owners policy

1) Have you added or deleted any vehicle from your fleet?
Yes No, If Yes, you should contact your insurance agent.

2) Have you reviewed the actual cash value of your vehicle to determine if comprehensive or collision coverage is worth the insurance expense to insure those exposures? www.nada.com is a good resource to determine fair market value of your vehicle(s).
Yes No, if you have decided not to insure the physical damage, contact your insurance agent.

Note: If you have a lien holder on your vehicle, you may not have to option to delete comprehensive or collision coverage until the loan is paid off.

3) Has the use or radius of operation changed on any of your vehicles changed?
Yes No If Yes, you should notify your insurance agent.

4) Are you considering or have you hired new drivers for your business?
Yes No If Yes, have you checked that person Motor Vehicle Report to make sure that person’s driving record meets your company standards?

Note: It is strongly recommended you seek legal advise to determine when and how you can obtain Motor Vehicle Reports (MVR’s) on employees.

You should also notify your insurance agent of any changes in your drivers

5) Have you reviewed the current limits of liability on your policy to see if you are carrying high enough limits should you be brought into litigation due to you or your employee’s legal liability?
Yes No If No, consideration should be given to reviewing this with your insurance agent. They will be able to assess your needs and provide you premium costs to increase your limits of liability.

6) Have you reviewed your deductibles under the policy for both comprehensive and collision coverage parts?
Yes No If No, you should consider the insurance costs savings with your insurance agent.

7) This question should be answered if you are a home based business without a commercial automobile or package insurance policy.

Do you allow your employee’s to use your personal vehicle for business use?
Yes No If Yes, you should contact your insurance agent to discuss this. It is very likely your personal automobile policy is not the correct policy and consideration should be given to purchasing a commercial automobile policy due to the inherent coverage gaps found in personal automobile insurance policies.

1) Has your payroll changed over the course of the last policy period?
Yes No If Yes, notify your insurance agent as workers compensation policy premiums are based upon annual gross payroll. This could result in you, after the policy period, being charged more or receiving a return premium since the actual rate base had changed from your original estimate.

2) Has your operation or business changed?
Yes No If Yes, you may need to reallocate payroll into different classification that better represent the change in operations. Contact your insurance agent for additional assistance.

1) Employment Practices Legal Liability (EPLI)
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.
Do you have employees?
Yes No If Yes, discuss with your insurance agent.

2) Electronic Data Processing Coverage (EDP)
Specialized type of insurance designed to cover your computer equipment, data systems, information storage media and expenses or income loss related to the destruction of hardware or software
Do you have a computer system of network computers?
Yes No If Yes, discuss with your insurance agent.

3) Employee Dishonesty Coverage
Protects you if your employees steal from your business or customers.
Do you have employees?
Yes No If Yes, discuss with your insurance agent.

4) Professional Liability or Errors and Omissions Coverage (E & O)
A professional liability policy covering the policyholder for negligent acts and omissions that may harm his or her clients.
Do you provide a professional service?
Yes No If Yes, consider discussing with your insurance agent to determine if your current policy will protect you from error or omissions.