THE FALLS INSURANCE CENTER, INC.
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Your umbrella policy provides excess coverage on top of that furnished by your other business policies. Many policies offer:
This supplemental coverage helps protect your company's assets if you are sued. It provides insurance against liability costs above the maximum limits in your other business policies. It is generally sold in high-dollar amounts, often in increments of $1 million of protection.
Who Needs Business Umbrella Liability Insurance?You do, if you are a business owner. We live in what is sometimes referred to as a "litigious" society. No matter how careful you may be, there is always the possibility that your business will be involved in a lawsuit. If that happened, you could lose everything -- even your personal assets -- if a court rules against you. So, you should consider purchasing umbrella insurance if you have worked hard to build your business and acquire other assets that you want to protect from possible loss in a liability lawsuit.
Why should I find out more?Because, even one lawsuit could put you out of business! Also, depending on how your business is structured, it is possible that a lawsuit could "break through" to your personal assets, jeopardizing your family's home and other assets.