Umbrella Policies Provide Extra Protection Against Risk
Imagine for a moment a customer slips outside your store and ends up in the hospital. An employee wrongfully accused of theft sues you for defamation of character. Or a fire destroys your building as well as your neighbors’ property.
If you’re not properly insured, a major lawsuit could ruin the business you’ve worked so hard to build—and could even tap into your personal assets.
Don’t assume that you’re protected if you have a Businessowners Policy. It may not be enough to cover you against large-scale liabilities like these. The good news is a Commercial Umbrella Liability Policy (Umbrella Policy or Umbrella Insurance for short) can pick up where your Businessowners Policy ends.
What does an Umbrella Policy cover?
- Bodily injury
- Property damage
- Personal injury
- Advertising injury
- Loss amounts that exceed your underlying coverage limits
By exploring your options for Umbrella Policies, you can make sure you’re not putting yourself at risk in the event of a worst-case scenario like a fire or accident . To determine what coverages and limits are appropriate for your business, contact us or your trusted agent or broker today.