5 Coverage Gaps That Could Sink Your Business

Most business owners don't realize they have insurance problems until they file a claim. By then, it's too late. Here are the five most common coverage gaps we find when reviewing commercial policies—and how to fix them before disaster strikes.

1. Insufficient Policy Limits

Many businesses carry the minimum required coverage without considering their actual exposure. A single serious claim can exceed your limits, leaving you personally liable for the difference.

2. Missing Additional Insured Endorsements

Contracts often require you to name other parties as additional insureds. Missing these endorsements can breach your contracts and leave you exposed.

3. Gaps Between Policies

When general liability, auto, and property policies aren't coordinated, claims can fall between them with no coverage.

4. Outdated Business Descriptions

If your policy describes operations you no longer perform—or doesn't include new services—claims may be denied.

5. Exclusions You Didn't Know About

Every policy has exclusions. Many business owners have never read theirs and are shocked when claims are denied.

The Solution

Work with a commercial insurance specialist who reviews your actual operations, not just your application. At ISW Insurance Solutions, we conduct thorough risk assessments to identify and close these gaps before you need to file a claim.