Umbrella

Why Do You Need Umbrella Insurance?

No one really expects a disaster to strike his or her business. But every small business is vulnerable to a major catastrophe or a huge lawsuit. Think about some of the devastating losses youve heard about recently. Or the large settlements that are awarded in courts these days. Some of these losses could exceed your primary insurance coverageunless you protect your business with umbrella insurance

What Is Umbrella Insurance?

As its name implies, umbrella insurance extends your coverage beyond the limits of your basic business insurance. Umbrella insurance is important because it covers unsuspected events. Its not expensive and in certain instances, it could literally save your business

How Does Umbrella Insurance Work?

Umbrella insurance policies provide additional liability insurance coverage after the limits of your underlying policy are reached For example, if several people were injured on your property and required $1.5 million in medical treatment but the liability limit of your underlying policy is $1 million, your umbrella insurance policy would cover the additional $500,000 (if youre found liable)

  • Cost of Medical Treatment $1,500,000
  • Your Basic Liability Limit $1,000,000
  • Umbrella Policy Would Cover the Gap $500,000


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Please note: Umbrella insurance premium is incredibly low. Umbrella can cover not only business but also your personal policy. To get more details please contact our Sales team