NEWS COVERAGE OF THE HEALTH INSURANCE DEBATE should serve as a reminder for elec-trical contractors that have not fully evaluated or updated their business insurance plan. At renewal time, it's important to update coverage and implement a plan to meet out-of-pocket costs. Buying commercial insurance coverage is purchasing risk pro-tection and paying for a product that may never be used. It's easy to rely on your agent to suggest appropriate policy provisions, but renewal should involve a thorough contract risk review as well as any new areas of potential loss you need to cover.
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