Scaling Up: When to Upgrade Your SME Package

Growth is the goal of every SME. But growth also changes your risk. The sme package insurance policy you bought when you were a one-person startup might not be enough when you have a team of 20 and a new warehouse in JAFZA.

Signals That You Need an Upgrade

How do you know it’s time to call CoverB?

1. Revenue Growth: If your annual turnover has doubled, your “Business Interruption” limit needs to double too.
2. New Locations: If you open a second branch, you need to add it to your policy immediately.
3. New Services: If you were a consultant and now you have started selling products, you need “Product Liability.”
4. More Staff: Once you hit certain staff numbers, your “Group Health” and “Workmen’s Compensation” needs will shift.

At CoverB, we make upgrading easy. You don’t need a new policy; we just add an “endorsement” to your current sme business insurance. We scale with you, ensuring that your protection is always one step ahead of your growth.