Step 2 of 3
Learn about your coverage: find gaps and ways to save
Most small businesses have never had their policies reviewed side by side. Here is how PolicyChecked shows you what you have, where gaps may be, and where you may be paying more than you need to.
How it works
AI summary of your documents
Within a minute of uploading, see what each document lists: insurance company, policy period, limits, deductibles, vehicles, and locations. Facts only, in plain language.
Your efficiency score
A 0–100 score showing how complete your insurance file is, with the exact steps that raise it. It measures how ready you are for a review, not your coverage.
A licensed agent's coverage review
A licensed South Dakota agent reviews your policies, points out possible gaps, and lists ways to lower your cost. You get it in writing in your account.
Coverage gaps South Dakota contractors often miss
These are areas a licensed agent commonly reviews. Whether any of them apply to you depends on your business and your policies, so each one comes with a question worth asking.
Vehicles used for work
Personal auto policies often exclude business use. Pickups and trailers that haul tools or materials may need commercial auto.
Ask: Are all the vehicles we use for jobs on a commercial auto policy?
Employees' and helpers' vehicles
When an employee runs a supply errand in their own truck, the business can still be pulled into a claim.
Ask: Do we have hired and non-owned auto coverage?
Tools and equipment on job sites
General liability does not cover your own tools or equipment. Theft from a job site or trailer is one of the most common contractor losses.
Ask: Is our equipment scheduled on an inland marine or contractor's equipment policy, at today's values?
Contract requirements
General contractors and public projects often require specific limits, additional insured endorsements, and waivers of subrogation.
Ask: Do our current limits and endorsements match what our contracts require?
Workers' compensation and subcontractors
Insurance companies commonly add uninsured subcontractors to your workers' compensation premium at the year-end audit, which can mean a surprise bill.
Ask: Are we collecting certificates from every subcontractor, and is our payroll classified correctly?
Larger jobs and higher limits
One serious accident can exceed the limits of a primary policy.
Ask: Would an umbrella policy make sense for the size of jobs we take on?
Common ways businesses lower insurance costs
A licensed agent can tell you which of these fit your business, and what each is worth in dollars.
Bundle into a business owner's policy
Eligible small businesses can often combine property and liability for less than separate policies.
Fix payroll and class codes
Workers' comp and liability premiums depend on payroll and job classifications. Errors mean overpaying, or a surprise at audit.
Remove what you no longer own
Sold trucks and retired equipment are often still on the policy, and still being paid for.
Choose deductibles on purpose
A higher deductible lowers the premium. A licensed agent can show you the trade-off in dollars.
Show a clean, safe record
Current loss runs and a written safety program can make a real difference when insurance companies price your renewal.
Compare before you renew
Start 60 to 90 days before your renewal date, so there is time to compare insurance companies instead of auto-renewing.
Savings depend on underwriting and are not guaranteed.
Get the free Contractor Coverage Gap Checklist
All 7 coverage questions and 5 ways to lower your premium on one page, in your inbox in a minute. Bring it to your next renewal conversation.
Questions about coverage reviews
Step 3 of 3
Talk to a licensed agent
Make sure your coverage fits your business and you are not paying for what you don't need.