The Clarity Blog

Umbrella Policies Provide Extra Protection Against Risk

on Feb 3, 2015 2:39 PM

Umbrella Policies Provide Extra Protection Against RiskImagine 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.