When you have secured the right tradesman insurance for your needs, it can be tempting to assume that you have the proper cover to secure your business against any eventuality.

However, getting the right insurance policy is one thing, making sure you are covered later on down the track is quite another. When your business is changing, it can easily outgrow your current levels of cover or move into areas which you did not insure against at the start of your policy.

In this situation, there can be serious hazards for your company moving forward. If you think you have the right insurance in place, and then find out that you aren't covered when an accident occurs, your company can be left to pick up the pieces.

So how do you ensure that your business has the right levels of cover to protect against any eventuality?

The first thing to keep in mind is how often you are reviewing the scope of your company and the vulnerabilities you face. This can be conducted yearly or quarterly and is a useful way to measure how your business has changed in that time and what new aspects your firm has developed.

Once this step is complete, you need to consider how these changes stack up against the levels of cover you have in place. If you have sourced your tradesman insurance through a broker, they will be able to advise on whether you still have the right level of cover to suit your business operations.

Making sure that your insurance policy covers every one of your business activities, and is insured to an amount which suits the scope of your operations, is an easy way to ensure that you have the right level of protection, no matter which area you work in.