Click to Call
Gill Insurance Advisors

2680 E Main Street, Suite 227
Plainfield, IN 46168

Get Directions

1024 Iron Point Road
Folsom, CA 95630

Get Directions
Gill Insurance Advisors Blog

Why Your Commercial Expansion Project May Require Increased Insurance Coverage

Expansion Project? Consider Updating Your Commercial Insurance Policy

If you’re expanding your business premises, it might be time to review your commercial insurance coverage. Following the points covered below, and engaging with one of our agents in Plainfield, IN will guarantee your insurance policy is updated to match your business’s growth.

Increased Value of Your Business

Expanding your business inevitably increases the overall value of your commercial building. Given the higher value of materials, additional insurance coverage is essential. During the project’s duration, maintain a record of the materials purchased. Incorporate all the building materials, furnishings, equipment, and other additions into your commercial insurance policy.

Addition of New Job Duties

Once your expansion project is complete, the additional space will likely facilitate more job roles. Consequently, the risk of theft, vandalism, and injury could increase. You should contemplate these risks when seeking additional coverage.

Increased Inventory

Expand your inventory as part of your business growth. Be sure to incorporate all new items stored at your business premises into your policy. Your commercial insurance should provide coverage for these items. If your inventory is damaged or stolen, your insurance policy should cover repair or replacement costs.

Expanding Your Freight Services

If you manage a fleet of vehicles, your drivers might need increased coverage, given the increased demand for your services. Evaluate your existing freight offerings to determine whether more comprehensive coverage is required.

Contact Us for Expert Guidance

Ready to upgrade your commercial insurance policy? Reach out to our representative at Gill Insurance Agency. Our agent will help evaluate your current policy and recommend suitable upgrades to fit your expanded business better.

Our Partners

  • aflac
  • allstate
  • encompass
  • founders
  • grange
  • guard
  • kemper
  • liberty-mutual
  • markel
  • mutual-of-omaha
  • nationwide
  • openly
  • progressive
  • safeco
  • the-hartford
  • transamerica
  • travelers
  • universal-property
  • usli