Please be aware that commercial insurance policies do not transfer from one owner to the next. If you sell your business or buy a business, a new policy must be issued under the new ownership entity. If you are a sole proprietorship and incorporate, in many cases you will be able to keep the same policy but you need to notify us immediately so we can change the named insured on your policy to the new ownership entity. In other cases, a new policy may have to be issued. Either way, please contact us whenever the ownership of a business changes in any way.