reopening business insurance tips

Insurance Tips for Reopening Your Business

Re-opening your business is something you may be thinking about in the coming weeks. After a shutdown, getting your business back into the swing of things can feel daunting. There’s a lot to address when reopening your business. Before jumping back in, consider these tips to help you transition back. 

Evaluate Your Current Operating Situation

How’s your business running right now? What is working well, and what is not? Before continuing with business-as-usual conditions, evaluate the current condition. This may be a good opportunity for you to identify ways to improve business performance and negate inhibitors when reopening. 

Take inventory if you haven’t recently. Keep a record of your business assets. It should include a description, its estimated value, the serial number, and the purchase date. You can take pictures or videos to help document your assets. Once you’ve updated your inventory, check your property insurance. Does it adequately cover your business? If it has not, talk to your agent about the best way to help protect your business in the event of vandalism, theft, or other accident. 

Call us at 413.475.283
Complete our online quote form today

Identify Risks and Hazards

Risks and hazards may look different than they did before your business closed. Meanwhile, other hazards may still be present. Address potential risks. Consider doing refresher training for your employees. If it has been a while since they’ve been working, they may have forgotten some safety protocol. You can also install additional safety mechanisms. Another option may be to get a third party professional to hold training for your employees. 

The nature of your business may inherently have more risks involved. However, many people and businesses are facing a new normal. Address what the new normal looks like and how your business is addressing these changes. Safety could now include disinfecting surfaces, wearing masks and gloves, and enabling social distancing. 

As you begin to reopen your business, think about the best ways to keep your employees and your customers safe. Chat with your insurance agent about your current coverages and their limits. Ask about an umbrella insurance policy to help extend your current coverages. 

Call us at 413.475.283
Complete our online quote form today

Adding Delivery Services

When you reopen your business, how have your operations changed? There may be new business opportunities that were not previously implemented, such as delivery. The rise in delivery services has increased significantly in the past few months. There are different ways to add or increase delivery services for your business. No matter what you decide on, make sure that your drivers are safe. If you have a company vehicle, you will need a commercial auto insurance policy. Additionally, if you use your personal car for business use, you may also need commercial auto coverage. However, If you go with a delivery app, like Uber Eats or Postmates, then it can be a bit trickier. 

Navigating through auto insurance coverage can be confusing. Different states have different minimums and requirements. Some commercial auto insurance rules have been relaxed in the past few months. The best way to help keep drivers safe is by talking to your insurance agent. They can help you find the right types of coverage for your business needs. 

Learn more about commercial auto insurance here.

Be Realistic

Reopening a business can be difficult. Especially after a chaotic period, returning to work may be different than before. The way your business operates may be different. Try to be realistic when reopening your business. Take some time to assess the changes and how your business will respond. Adopt a gradual approach and avoid putting your employees and customers in harm’s way. In some situations, you may want to consult a professional for their opinion or help.

If you have questions or concerns, call an Encharter agent! We are here to help your small business with this new transition period. The world has changed, and maybe your business has changed. We want to help you protect your business. If you think you need to adjust your current coverages, or talk through your options, we are here for you.

Chat with an Encharter agent today: 413.475.7283!
Complete our online quote form

Read More