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Don’t Forget To Add This To Your 2015 New Year’s Resolutions!

Don’t Forget To Add This To Your 2015 New Year’s Resolutions!

As the 2014 calendar year comes to a close, we are all presented with an opportunity for reflection and 2015 planning.  While many businesses had their best year ever in 2014, every business owner knows there is room for improvement. New Year’s Resolutions are a great way to set the bar high for the New Year and achieve your goals. If you’ve already made a list of resolutions for yourself, maybe it’s time to think of at least one more for your business:  double check your insurance needs with a Hayes Broker. Has It Been A Couple Of Years Since You Looked Over Your Insurance Policies? It might be time to look at the rating basis on your policies and make sure they are covering the entire scope of your evolving business.   Ask Yourself These Questions: Has my payroll increased or decreased significantly in the last 12 months? Have my sales or receipts increased or decreased significantly in the last 12 months? Have I moved or purchased any property in the last 12 months? Have I purchased any business vehicles in the last 12 months? Have I purchased any business equipment (large or small) in the last 12 months? Have I added any new ventures to my existing operations in the last 12 months? Business Expansion = Liability Expansion As businesses expand, insurance needs do, too.  Minimum liability insurance limits may have been adequate in the beginning, but as your business grows, so do your insurable exposures. More sales may mean more people coming through the front doors.  That could mean more opportunity for slips and falls, or...