At Skyscraper Insurance, we believe growth should never be a liability—only an opportunity. If you’ve recently hired new staff, expanded into a second location, or upgraded your equipment, congratulations are in order. But alongside that progress comes a crucial question:
Has your insurance kept up with your business?
Many small and mid-sized businesses (SMBs) experience expansion in phases. New hires, new assets, and new service areas can emerge quickly. Amidst this exciting growth, it’s easy to overlook a vital component—updating your insurance coverage. Unfortunately, failing to scale your policy in tandem with your operations could leave your business exposed to costly risks.
What Business Growth Really Means for Insurance
As your operations expand, your risk profile changes. More people, properties, and assets mean more exposure. Without regularly reviewing and adjusting your coverage, even a single claim could reveal dangerous gaps.
Here are the most common areas where SMBs underinsure during growth:
- New Employees: Additional staff may require updates to your Workers’ Compensation, EPLI (Employment Practices Liability Insurance), and group benefits programs.
- Second Locations: Expanding your physical footprint means adding property insurance, liability protection, and potentially adjusting your business interruption policy.
- Upgraded Equipment: Significant investments in machinery, IT systems, or tools should be accurately reflected in your commercial property policy.
- Higher Revenue or Client Base: Greater output or service volume can impact your liability risk. Professional Liability and General Liability coverage may need revisiting.
Keep Pace With Growth—Not Guesswork
At Skyscraper Insurance, we’re more than policy providers—we’re growth partners. We help ensure your coverage evolves alongside your business without adding unnecessary complexity or cost.
Here’s how we support your expansion:
✔ Custom Policy Reviews: We’ll assess your current coverage and identify areas where your risk profile has changed.
✔ Tailored Coverage Adjustments: From newly leased spaces to increased equipment value, we’ll help you align your protection to your reality.
✔ Scalable Risk Management: We advise on proactive strategies that grow with you—so protection is always ahead of the curve.
✔ Responsive Claims Support: Should the unexpected occur, our team is ready to help you recover quickly and confidently.
Protect What You’re Building
Your business is growing because of your vision, leadership, and hard work. It deserves protection that reflects that momentum—not coverage built for the past. Whether you’re hiring your 10th employee or opening your 3rd location, Skyscraper Insurance is here to ensure your protection grows with you.
Let’s build smarter protection for a stronger future.
Connect with us today to review your coverage and make sure your progress is protected at every step.
