Mistakes May Violate Your Policy’s Conditions By Marianne Bonner Updated on June 1, 2020 You may make mistakes when filing insurance claims, just like many small business owners.
These errors are simple to make, but they can have serious repercussions.
The following are ten normal slip-ups made by entrepreneurs and the reasons you ought to keep away from them.
You need to know what your insurance policy covers and doesn’t cover in order to adequately safeguard your business from losses.
If you don’t read the policy, you won’t know what risks are covered. Read the entire contract, including all endorsements, thoroughly.
If you are having trouble comprehending the language, you should seek assistance from your broker or agent.
Before making a claim, go over your policy once more. Make sure you know what obligations you have to fulfill in order to get paid for a loss.
