Does Your Small Business Need Umbrella Insurance?

Learn more about umbrella insurance and find out what it can do for your small business.Does Your Small Business Need Umbrella Insurance?

As a small business owner, you want to do everything you can to protect your business.  In fact, you probably already have standard business insurance protections in place.  However, many business owners worry that these standard coverages might not be enough.  If you are concerned about commercial coverage for your small business, then you should consider getting an umbrella policy.  Not sure what umbrella insurance is or what is can do?  Read on to learn more about this type of commercial policy.

What is Umbrella Insurance?

Umbrella insurance provides businesses with additional liability coverage to help them protect against potentially extensive claims.  If the cost of a claim exceeds the limits of your business’s standard policies, then commercial umbrella insurance will provide an extra layer of coverage that will protect your business.  Essentially, if a claim exceeds your coverage limits, then umbrella insurance will kick in and cover the differential.

What Does It Cover?

As mentioned above, umbrella insurance provides additional liability coverage if the costs of a claim exceed your underlying policy limits.  For instance, if a customer were to slip and injure themselves while on your business’s property, then their medical costs might exceed your general liability policy’s limits.  However, if you had commercial umbrella insurance, your policy would step in and cover the rest of the injured party’s medical fees.

Does My Business Really Need It?

While commercial umbrella insurance is not a mandatory type of coverage, it is still something that you should seriously consider investing in.  If you fear that your business might have gaps in its coverage, then getting an umbrella policy is the best way to fill those gaps.  Having commercial umbrella insurance is one of the best ways to ensure that your company has the comprehensive coverage it needs.

Interested in getting commercial umbrella insurance for your business?  Contact the team at Desert Empire Insurance.  Our dedicated professionals are ready to get you the coverage that you need today.