Managing Growth and the Risks that Come with It
By John Culotta
The pest management industry continues to thrive, despite the challenges brought on by the COVID-19 pandemic. As these companies grow and expand their
services, pest management professionals (PMPs) may need to consider how they are insured for those offerings.
Additionally, existing contracts in place at the time of a merger or acquisition will have to be picked up — in all likelihood, as soon as the transaction is complete. This leaves little time for businesses to re-evaluate their policies for current clients and to address exposures for new ones.
Any strategic growth plan requires a proactive approach. Preparing for how your insurance needs will change as a result of this growth will help you sustain it while reducing your risk.
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Pest Management Professional – Direct to You Newsletter (Feb 2021)