Key points
- Growth changes your exposures faster than most insurance programs get updated.
- Audits, fleet additions, and contract requirements are where growth shows up first.
- A full program review is worth doing at each real growth step, not just at renewal.
The insurance that fit a three-person shop rarely fits a twenty-person company with ten vans and commercial contracts. Growth is good for the business. It also creates gaps if the insurance program doesn’t keep pace.
Growth points that should trigger a review
Adding technicians. More payroll means higher workers’ compensation and often general liability exposure. Expect audit adjustments if estimates weren’t updated. See workers’ comp for growing companies.
Adding trucks. Each new van adds auto exposure and usually more tools on the road. Above a handful of vehicles, your auto program is increasingly priced on your own drivers and losses. See five or more service trucks.
Taking on commercial work. Contracts bring higher limits, additional insured requirements, and umbrella needs. Review your program before you bid.
Hiring subcontractors. Collect certificates and agreements. Uninsured subcontractors can be charged to your policies at audit.
Moving into a shop or second location. Property, inventory, and business income coverage become important.
Adding services. Drain and sewer, water treatment, gas work, backflow testing, excavation, or fire sprinkler work may change classifications and eligibility.
Signs your program hasn’t kept up
- A large additional premium at audit
- A general contractor asking for an endorsement your policy can’t provide
- An umbrella that doesn’t schedule all your underlying policies
- Vehicles on the road that aren’t on the auto schedule
- Policies bought separately with inconsistent limits and renewal dates
What a review looks like
We look at your current policies, loss runs, vehicle and driver lists, payroll by type, contracts, and plans for the next year. Then we tell you plainly whether the program fits and, if it doesn’t, whether it makes sense to approach other markets. See how a review works.
Common questions
When is the best time to review?
Sixty to ninety days before renewal is ideal, and anytime you make a major change: a big contract, a new location, or a jump in trucks or staff.
Should all my policies renew on the same date?
It often simplifies management and makes coordination easier, but it isn’t required. It can be arranged over time.