The best thing to do is to take a complete inventory of all of your business property, determine their value and decide if each is worth insuring. Then, check to see that the items on the inventory list are included in the basic business property policy and covered for the correct amount. If not, ask your agent about the cost of purchasing additional coverage, such as inland marine coverage, to meet your needs.
You also need to consider your business situation. Are you planning a major expansion? Does your inventory have a decidedly peak season, like a toy store in December? Or does it fluctuate throughout the year, like a clothing store? Is your liability limit high enough in light of the new job contract you just signed? Business policies are designed to be added to or subtracted from to meet your ongoing needs. Be sure to discuss changes to your business with your agent so that he or she can be sure your policy still provides adequate coverage.
When was the last time you updated your business insurance policies? Take the Quantum Challenge to see if you need an updated policy. (Short answer: You do.)