There are two types of business insurance policies:
If you have an Auditable policy the insurance carrier will contact you ever year to get updated figures on whatever factor it is that they use to rate you policy (i.e. payroll, sales, square footage).
Watch this video “Why Does the Insurance Company Audit My Business Every Year?” for more details:
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This is video #86 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.
If you have additional questions regarding business insurance or if you would like to discuss and receive a quote for a business insurance policy use the link below:
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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.
created by Ryan Hanley