Question:
Can I update my business insurance policy if my company expands or changes?
Answer
Yes, you can update your policy if your business experiences growth, adds new services, or changes locations. Ensuring that your insurance is aligned with your operations safeguards you against underinsurance and the risk of denied claims.
When updating your policy, consider:
- Adding new locations, employees, or equipment to your coverage.
- Increasing your sum insured will reflect higher asset values.
- Including new services or products that may pose different risks.
- Adjusting liability limits based on your business exposure.
- Consult your broker for expert guidance on policy updates.
Click here to get a quote, connect with our Business insurance experts, and find the perfect plan for your Business.
Related Questions
-
Does business insurance cover legal disputes arising from contracts in the UAE?
-
Can a single insurance policy cover businesses operating across multiple emirates?
-
Is it possible to bundle multiple types of business insurance for more comprehensive coverage?
- Know More
Other Sub Categories
-
Property Risks
-
Employee Risks
-
Liability Risks
-
Claim
-
Renewal
- Know More