BUSINESS INSURANCE REVIEW CHECKLIST
Annual review of your business insurance portfolio for coverage and adequacy.
Asset & Property Cover
- ☐ Standard Fire & Special Perils / Bharat Sookshma policy in force
- ☐ Sum insured matches current asset value
- ☐ Stock and inventory adequately covered
- ☐ Burglary and machinery breakdown cover reviewed
Liability Cover
- ☐ Public / product liability cover reviewed
- ☐ Professional indemnity for service businesses
- ☐ Directors & Officers (D&O) liability, if applicable
- ☐ Cyber liability / data breach cover considered
People Cover
- ☐ Group health insurance for employees
- ☐ Group personal accident cover
- ☐ Workmen's Compensation / ESI position reviewed
- ☐ Key-person insurance for critical individuals
Other & Statutory
- ☐ Motor insurance for company vehicles current
- ☐ Marine / transit cover for goods movement
- ☐ Business interruption cover reviewed
Policy Administration
- ☐ Renewal dates tracked and premiums budgeted
- ☐ Exclusions and deductibles understood
- ☐ Nominee and beneficiary details correct
- ☐ Claims history and pending claims reviewed
Note: Under-insurance can trigger the average clause and reduce claim payouts; align sums insured with current values at each renewal.