business insurance cancellation Archives - Udell Family Insurance

Business Insurance: Why Keeping It Makes Sense

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Business Insurance: Why Keeping It Makes Sense

If the COVID- 19 pandemic has severely impacted your business, you may consider cancelling your business insurance to cope with the expenses. However, business insurance provides you with a lot of benefits, whether your business is open or closed.

Cancelling your business insurance may seem to be a cost-effective option, but you need to understand the risks before moving ahead.

Risks of Cancelling Business Insurance

By cancelling your business insurance, you expose yourself to certain risks, which include:

Premium Losses

You will have some losses when you cancel your business insurance […]