Commercial Umbrella Insurance
If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.
Today's business owners should be aware of the rising costs of lawsuits and judgments. Businesses may suffer catastrophic liability losses at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. Your time and effort in establishing your business are too valuable to be lost after a single unexpected incident. Contact Compass Insurance today about a commercial umbrella insurance policy.
WHAT YOU NEED TO KNOW ABOUT COMMERCIAL UMBRELLA INSURANCE
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Eddie Sigmon & Associatesrecommends that your business insurance program include this coverage.
WHAT IS EXCESS LIABILITY COVERAGE?
This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.
WHO NEEDS EXCESS LIABILITY COVERAGE?
Some businesses may require higher limits because of their high loss potential, high profile, large sales, numerous assets, widespread global presence, and significant public exposure.
Talk to Compass Insurance today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at (910) 353-2160 and we’ll help make sure you’re covered.