Insurance Coverage For Growing Small Businesses

Posted on: May 11, 2015 By: Risk Management Blogging Team
Business Insurance Insurance Brookfield, WI

Upgrading Your Insurance Coverage To Reflect Growth

As a small business owner, you must consider your new insurance needs as your company begins to grow. This is good news! As you become more successful however, you will need to consider upgrading your coverage when the following milestones occur:

  • Setting up a board of directors calls for extra liability coverage. To ensure that any legal issues are covered, you will want to obtain a directors and officers liability insurance policy.
  • If you are now moving out of your home-based office and into a commercial property, you will need to obtain commercial property insurance. This ensures that your investment is adequately protected.
  • Offering a new product or service? You may want to look into enhanced liability insurance to protect your increased inventory.
  • If growth of your business is now requiring that you utilize vehicles to complete business operations, you will need to seek commercial auto insurance protection. This ensures that your vehicles are protected as well as your employees that are operating those commercial vehicles.

Contact Risk Management LLC in Brookfield for all of your Wisconsin business insurance needs. Allow us to help!

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  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

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