The world of commercial insurance has changed. The current pandemic has meant that normal working practices have been shelved. Fewer employees are working in the office, if at all, and companies have had to think about new ways of working.
When it comes to choosing the best commercial insurance for the ‘new normal’ you’ll need to re-think. Perhaps you no longer need the same kind of commercial insurance as before. Perhaps you now need commercial insurance that covers things you never thought you’d need to worry about. This is where this article can help. It contains tips that can help to choose the best commercial insurance in the ‘new normal.
Gaps in Your Existing Cover
Look for insurance coverage that fills in the gaps found in your existing cover. In addition to filling in those gaps, it should also offer you protection for your office, your equipment, and your services or goods. Try to find commercial insurance that offers you a little more than you need. This will ensure that you are much more likely to receive compensation if something were to go wrong.
Don’t opt for the first commercial insurance that you find, there are others out there. A good search can help you to find coverage that’s ideal.
Working From Home
If some or all of your employees are working from home you’ll need to consider the new liabilities. There is so much more for you to think about these days. However, there will be a provider of commercial insurance who can give you what you need.
Consider whether you need to insure the employees that are working from home. If they use your equipment and they undertake tasks, there might need to be an adequate insurance policy at the ready.
Covering Equipment That’s Stolen From a Home
Let’s imagine that one of your employee’s homes is broken into. The thief takes the computer you’ve given your employee as well as a printer and other items. Does your current insurance policy cover you for this? It’s unlikely to. However, there are new commercial insurance policies out there that will cover this.
Just make sure you have adequate insurance that covers every employee’s computer etc.
Consider how much of a risk cyber crime is. Your employees are susceptible to scams and other online crimes if they work from home. Make sure you find an insurance policy that takes this into consideration. This is especially important if all of your computers are connected to the same network. A hacker could find their way into your network and put a virus on every computer. Make sure that you only ever use commercial insurance that adequately covers you for this.
As the world of work continues to change, you may find that your insurance policies are no longer ideal. This is why it’s important to choose the best commercial insurance for the ‘new normal’. Use the above tips to help you find the right commercial insurance for you.