Business Umbrella Liability

Although we all hope not to be involved in a catastrophic liability claim, in today’s litigious environment more and more lawsuits are being brought against both large and small businesses. Every day we hear about large settlements being awarded. Whether a lawsuit is legitimate or frivolous, you must still defend yourself against the allegations. An Umbrella Liability Policy provides protection over and above your basic business liability insurance policies (General Liability, Auto Liability, etc.). Should a devastating loss occur, an Umbrella Liability policy could make the difference between keeping your business open or closing down.

WHY BUY A BUSINESS UMBRELLA LIABILITY POLICY?

• Your business would be covered in the event that a judgment against you exceeds your underlying liability insurance limits.
  
  
• Your business’s assets, which could be sold because of an uncovered judgment, would be protected.
  
  
• Your ability to remain profitable in the future, which could be jeopardized because of an uncovered judgment, would be protected.

HOW MUCH BUSINESS UMBRELLA COVERAGE DO YOU NEED?

Questions you should ask yourself when considering your coverage needs:

• What are your current profits, and how much do you expect your profits to rise?
• What are the value of your current assets?
• What will the value of your future assets be?
• Do your business operations involve products or services that put you at greater risk?

Your agent will help you determine the coverage amount that works best for you.

This description of coverage is not an insurance contract. Your policy is the contract that specifies and fully describes your coverage. Conditions and exclusions will apply. Not all coverage described is available in all states.