An umbrella insurance policy does two very important things for your business- it provides higher levels of coverage for your existing business insurance policies and it can also protect against unforeseen gaps in your other coverages.
Umbrella insurance provides a single pool of funds that can be applied whenever your other policy limits are maxed out from claims. It can also serve to protect areas of your business in instances where your other policies wouldn't apply. Here are some examples of the flexbility of an umbrella insurance policy:
It picks up when other policies stop or max out.
It covers above and beyond your other policy limits.
It can be written/applied a number of different ways
It can grow as necessary for your business.
Don't make the mistake of assuming that if you have limited assets you will be protected from a major judgment. You need a business umbrella insurance policy to provide you with comprehensive liability protection.
Regardless of your company size, you need to have umbrella insurance liability protection that is designed to cover you as your grow.
The overall cost of an umbrella insurance policy can vary depending on a few factors.
The complexity of umbrella insurance means that there are dozens of factors involved in determining proper coverage limits, deductibles, and policy types. Give us a call at Links to help you find the perfect umbrella policy for your business.