Now that you have made it through another year—hopefully without any losses—it is time to reevaluate your insurance coverage and see what needs to be updated. Do your limits still fit the needs of your salon? Have your contents increased over the year? Have you paid off a loan that no longer needs to be added to an AI? Are you expanding or adding on to the salon? Are you hiring more employees? Do you need employee dishonest coverage?
Spend the time to walk through these questions with your insurance agent each year so you won’t be surprised at the time of loss.
