Yes. The chance that you could suffer a Loss begins with your first day of business. Insurance must be in effect at the time of an accident or occurrence if a Loss is to be covered. If you suffer a Loss and have no insurance or have improper or insufficient coverage, there is very little, if anything, your insurance agent or we can do to help you. By carefully reviewing your business operations with your independent agent, you can identify your exposure to accidental losses and prepare for the risks that are inherent in any business and the losses, sometimes catastrophic, that can occur.

Additionally, many states and local jurisdictions require that businesses be insured before they can begin operation. Also, if you rent space for your business, the landlord will undoubtedly require that you be adequately insured.