Imagine filing a major insurance claim—only to discover your policy doesn’t reflect your current payroll, property values, or services. For many business owners, this isn’t a hypothetical. It’s a risk that becomes real when insurance gets overlooked in the year-end planning process.
Business insurance should never be “set it and forget it.” As your business evolves, so does your exposure. And if 2025 brought any changes to your operations, staff, or revenue—it’s time to revisit your policies before heading into 2026.
Why Insurance Should Be Part of Your Annual Business Planning
From expanding product lines to shifting employee headcount, your operations likely looked different at the end of 2025 than they did on January 1. That means your commercial insurance should be evaluated with the same care you give your budget, goals, and taxes.
Whether you’re a small contractor in Emmaus or a supplier supporting Lafayette College in Easton, your coverage needs to reflect the reality of your business—not last year’s snapshot.
Schedule an Annual Insurance Review
The smartest thing you can do before renewing your policy is to schedule an annual review with your insurance advisor. This is your opportunity to update key details that may impact your coverage and premium
Prepare to discuss:
– Revenue changes that may impact liability and business interruption coverage
– Headcount and payroll shifts that affect workers’ compensation and EPLI
– New or closed locations, including leased spaces or remote offices
– Purchased or leased equipment not reflected in your current property policy
– Service expansions that may introduce new professional or cyber liabilities
– Any subcontractor relationships or vendor changes
Business Trends in the Lehigh Valley to Keep in Mind
Industries like healthcare, education, manufacturing, and logistics/warehousing are cornerstones of the Lehigh Valley economy—and each brings its own unique risk considerations.
– St. Luke’s University Health Network and Lehigh Valley Health Network (LVHN) continue to expand medical services and locations.
– Colleges like Lafayette in Easton, Muhlenberg in Allentown, and Lehigh in Bethlehem drive innovation and employment in education.
– Manufacturers and warehouse operators across the region are scaling operations, investing in automation, and managing more supply chain and employee risk than ever before—especially with seasonal workforce fluctuations.
If your business supports these sectors—or operates within them—keeping your insurance current is critical.
Business Insurance Review Checklist
Not sure where to start? This quick checklist will help you assess whether a deeper review is needed:
– Has your revenue increased or decreased this year?
– Did you hire, lay off, or restructure staff?
– Have you moved, renovated, or expanded your facility?
– Are you storing or transporting more equipment or inventory?
– Did you introduce any new services or product offerings?
– Do you work with vendors, subcontractors, or freelance partners?
– Has your industry faced new compliance or cybersecurity requirements?
Ready to Review Your Coverage?
Don’t let an outdated policy expose your business to unnecessary risk. Let’s make sure your coverage grows with you—so you’re protected no matter what 2026 brings.
👉 Learn More: https://ymiagency.com/business-insurance/
