Should I Invest in Commercial Umbrella Insurance?

Here’s why your small business needs an umbrella insurance policy.Should I Invest in Commercial Umbrella Insurance?

As a business owner, you probably know that liability issues are among the most serious risks that you face.  While you likely have some commercial liability protections in place, there’s no guarantee that this coverage is enough.  To ensure that your business isn’t left exposed by dangerous coverage gaps, you should secure a commercial umbrella policy to get the additional liability protection that you need.  Here’s what you need to know about this special type of coverage.

What Does It Cover?

Commercial umbrella insurance provides excess liability coverage for businesses.  When your business faces an extensive liability claim that your standard liability policy cannot cover, then your umbrella policy will kick in and offer the coverage that your business needs.  To see commercial umbrella insurance at work, imagine that a customer injures themselves while on your business’s property.  Chances are that this will turn into a major liability issue for your business.  If the cost of the claim exceeds the coverage limits on your standard liability policy, then your umbrella policy will step in.  Your umbrella insurance will cover the remaining cost of the claim and ensure that your business’s assets are not compromised.

Do I Really Need It?

While commercial umbrella insurance isn’t a mandatory coverage, many business owners see it as an essential type of policy to have.  This is because investing in a commercial umbrella policy is the best way to fill your business’s liability coverage gaps and get your business the comprehensive insurance protections that it needs to stay safe.

This is why you should secure commercial umbrella insurance for your business.  Ready to get your business the right commercial coverage to meet its needs?  If so, then contact the team at Desert Empire Insurance.  We are ready to assist you with all your coverage needs today.