There are certain reasons why you might find yourself losing your business insurance. If this happens to you, it can be a major problem that you wouldn’t want to have to deal with. Unfortunately, there are circumstances when it might be impossible to avoid the loss of your business insurance. The company that provided you with the policy in the first place can make the choice to revoke your policy.
Let’s say that you are a porta potty rental in Rockford, IL company. If this is the case, you might lose your insurance coverage because you are not getting the kind of business that you used to get from these services.
There are fewer construction projects occurring than what used to be the case. This might mean that the portable toilet business is simply not as strong as it once used to be. This is why some insurance companies have decided to cancel policies for companies in this industry.
You can go to great lengths to try to figure out what kind of reason the insurance company has decided to cancel your policy. However, you may not get all of the answers that you had hoped for. The insurance company is under no obligation to tell you why they have decided to alter your policy. Therefore, you should do what you can to find another company that will insure you instead.