Consider the potential challenges and changes that may occur during a business expansion project. Adjusting your commercial insurance policy accordingly is crucial to ensure adequate coverage.

Business Expansion Project

A business expansion project can disrupt your normal work schedule and require modifications in how customers and employees access your property. Your liability risk may increase during the project, and your business may also be exposed to criminal activity and vandalism.

Access To Your Property

Identify which areas will be inaccessible during the project and clearly mark areas for your patrons and workers to use. Recognize risks that could result in an injury. Adding liability protection to your commercial insurance policy is imperative if it’s impossible to prevent people from coming close to the expansion efforts. This protection will cover you in the event of an injury or accidental damage during the project.

Protecting Materials

The new materials used for your business expansion could become damaged during construction. Simple coverings may not be sufficient to keep the materials clean, dry, and damage-free. Consider the risk of bad weather damaging materials not stored in a waterproof structure. Include these materials in your commercial insurance policy.

Guarding Against Criminal Activity

Add vandalism and theft protection to your policy. If any materials are altered or stolen, this protection will cover the cost of material repairs and replacements.

Updating Your Commercial Insurance

Don’t risk inadequate commercial insurance protection during a business expansion project. Consult with one of our agents at Allied Brokers Insurance Agency Inc., an agent serving Palo Alto, CA, who will be happy to assist you.