There are many compelling reasons for Fort Worth, TX, business owners to consider commercial renovations. Some upgrades can increase foot traffic and revenue for your business. Renovations that improve energy efficiency can save you thousands of dollars annually. Additionally, renovations can help you attract and retain employees by providing a comfortable and efficient work environment. However, it’s essential to update your insurance policies to ensure your renovated property has the coverage it needs.

How to Update Your Commercial Policy

Keep Track of Changes

Document all changes made to your property, including the renovations and any permits obtained before the work began. Keeping detailed records will help streamline the process of updating your insurance policy.

Get an Appraisal

Major renovations can significantly impact your property’s value. Scheduling an appraisal ensures you purchase adequate coverage for your premises based on its updated value.

Update Liability Coverage

Even beneficial renovations can increase the risk of accidents. Consult with your insurance agency to review your current liability limits and determine if additional coverage or an umbrella insurance policy is necessary.

Contact Main Street Independent Insurance Agencies Inc. for More Information

Having the right commercial insurance can make the difference between your business surviving challenging events or facing permanent closure. Main Street Independent Insurance Agencies Inc. has over a decade of experience helping Fort Worth, TX, business owners find insurance policies and bundles tailored to their needs and budgets. If you’ve recently renovated your business and need to update or expand your insurance coverage, give us a call. We’ll help you review your options and find the policies that best suit your business.