Commercial umbrella insurance is the sort of insurance policy you need to protect your business, and to ensure you stay in business for many years to come. One of the hardest parts of business insurance is picking the right policy.
This will turn out to be one of the most crucial financial decisions you will have to make. With all the risks to your company, the wrong policy could leave you thousands of dollars out of pocket. Your policy must offer you the right amount of coverage.
Commercial umbrella insurance is the ideal solution for you, and here at D’Agostino Agency Insurance this is exactly what we offer.
The primary advantage of a commercial umbrella policy is it offers your company extra protection in the event of a lawsuit or accident becoming costlier than the coverage provided by a standard general, public, or professional liability policy. You can also use commercial umbrella insurance to cover incidents that don’t come under one of your existing policies.
In many ways, this is a policy designed to plug the gaps left by business liability policies. Business liability will only cover a certain amount. Commercial umbrella insurance offers better coverage for bodily injury as well as property damage.
Let’s look at an example. If your policy offers you $1 million in coverage, you’re in trouble if a legal case rises above this amount. In the event you face a lawsuit of $2 million, the commercial umbrella insurance will pay the remaining $1 million, which would otherwise have had to come out of your pocket.
Your policy ensures that you have protection against any major legal cases brought against your business. If an accident occurs on or off your company’s premises, you have cover.
Some of the other things umbrella insurance provides a defense for include slander against your company, injuries caused by your services or products, building fires that cause damage to surrounding property, and auto accidents involving your company’s vehicles. This is only the tip of the iceberg.
The reality is accidents can happen to even the best businesses. It doesn’t matter how careful you are. All you can do is minimize the risk. You can never eliminate it. Lawsuits can easily send a business under if they don’t have the right amount of coverage.
Even if you happen to win a legal case, it could cost you millions to fight that case. The right insurance policy secures your future by ensuring you get that money back.
Get the right coverage for your company today by getting in touch with us. We’re ready and waiting to work with your business to get the protection it needs. This is an affordable type of coverage made even more affordable by our connections to top-rated insurance agents.
With D’Agostino Agency Insurance , you can rest easy knowing you have the right cover. Contact us to get a free commercial umbrella insurance quotation right now!