If you can recognize the value of an individual umbrella policy, you must also see the value of an umbrella policy for a business. If a large liability loss occurs, the business' umbrella insurance policy may mean the difference between a business surviving or a business failing.
As the cost of lawsuits and judgments continue to rise, business owners have to recognize the risk involved with running a business. The loss that can put a business under may occur at any time to any business. A commercial umbrella policy will protect your company when your losses exceed your basic liability coverage. As you are considering a business umbrella policy, be sure to consider the value of the time and effort that you have invested to build your business.
A commercial umbrella policy will provide you the protection that you need to ensure that your assets are safe. Your liability limits will increase and will exceed the limits of your regular insurance policy. The way that a jury will sway is often unpredictable, RIGHTSURE recommends that your business insurance policy includes this coverage.
This type of coverage will provide you with extra liability limits exceeding an Umbrella policy. This coverage will start after the terms of the first underlying insurance policy.
Excess liability coverage is often a logical choice for businesses that have a high loss potential, high profile, sizeable sales, numerous assets, large auto fleets, worldwide presence and/or significant public exposure.
Talk to RIGHTSURE about your business operations. We can advise you on what kind of liability coverage is necessary to ensure you are able to protect yourself and protect your company. Give us a call and we’ll help make sure you have the right policy for the right price.
Our offices are conveniently located at:
5151 E Broadway Blvd Ste 100
Tucson, Arizona 85711