How often should I review my insurance policy with Hiscox?

It is generally advisable for small business owners to review their insurance policies at least once a year. This annual review allows businesses to assess their coverage and ensure it aligns with any changes in operations, revenue, or potential risks they may face. Additionally, significant events such as expanding the business, acquiring new assets, or changing locations can also trigger a need for a policy review. Regularly assessing your insurance needs helps identify any gaps in coverage or areas where adjustments may be necessary to maintain adequate protection. Business owners should also stay informed about industry trends and potential risks that may impact their operations, as these factors can influence insurance requirements. Hiscox Small Business Insurance offers a range of policies that can be tailored to meet specific needs, and researching updates on their current website can provide valuable information regarding coverage options and advice for policy reviews.