Starting a business is an exciting milestone. Getting that first insurance policy often feels like you’ve checked a big box—you’re protected and ready to go. But as your business grows, evolves, and takes on new opportunities, that original policy might not be enough.
The truth is: business insurance isn’t one-and-done. It should grow and adapt right alongside your business.
Growing Team, Growing Responsibility
Maybe you started as a one-person operation—a bakery owner, a freelance designer, or an IT consultant. Now you’ve brought on employees: a sous-chef in the kitchen, a delivery driver, or even a part-time office assistant.
When you hire staff, your risks change. Workers’ compensation insurance (often required by law) helps protect both your team and your bottom line if someone gets injured on the job. And if you’re making hiring decisions, conducting reviews, or managing terminations, Employment Practices Liability coverage may also be worth considering.
Even part-time employees or independent contractors can shift your risk—which is why it’s smart to revisit your coverage as your team grows.
New Spaces, New Equipment—and New Risks
Business growth often comes with new investments:
- A walk-in freezer for your bakery
- A second retail location
- A dedicated office after working from a co-working space
Your property insurance should reflect what you own today—not just what you started with. Otherwise, you could be underinsured if theft, fire, or storm damage strikes.
If your business relies on equipment—like ovens, POS systems, or specialized machinery—Equipment Breakdown coverage can help you get back up and running quickly. And if a closure would mean lost revenue, Business Income Insurance can help bridge the gap until you reopen.
Expanding Services? Expanding Risk.
Diversifying is a great growth move—but every new service can bring new risks.
Maybe your restaurant starts hosting private events. Or your marketing agency adds consulting services. New offerings can mean new liabilities, from contract disputes to safety concerns.
Businesses that provide professional advice or digital services (think: consultants, tech developers, veterinary practices) may want to consider Professional Liability Insurance, also known as Errors & Omissions coverage. It protects you if a client claims your work caused them financial loss.
As your services evolve, your protection should, too.
Bigger Clients, Bigger Opportunities—And Bigger Stakes
Landing larger contracts is exciting, but it often comes with new insurance requirements.
Restaurants with liquor licenses, contractors tackling major builds, or tech companies managing sensitive data may need additional coverage like Umbrella Insurance to meet client, landlord, or investor demands. A regular coverage review helps ensure you’re never caught off guard—and that you can confidently take on new opportunities.
Protect What You’ve Built—and What’s Ahead
Insurance isn’t just about protecting your business from what could go wrong. It’s about giving you the confidence to keep growing—whether that’s opening a new location, scaling operations, or signing bigger contracts.
At Holley Insurance, we love helping local businesses grow with peace of mind. We’ll take the time to understand where you are now, where you’re headed, and make sure your coverage grows with you.
If you’re a business owner, we’d love to talk to you about the specific risks your businses faces and how we can help you protect it. Every one of our protection advisors is an expert in business insurance. Contact us here and let’s get started!
A little more about Holley Insurance…
Holley Insurance was founded in 2000, and retains a core base of loyal clients. We have locations in Roanoke, Rocky Mount, and Forest, VA. As an independent insurance agency, Holley Insurance represents a carefully selected group of financially strong, reputable insurance companies. Therefore, we are able to offer you the best coverage at the most competitive price. If you’re interested in starting a quote online or having us take a look at your current policies, click here!
