For businesses, a commercial umbrella liability insurance policy is an extra layer of liability protection that covers costs beyond other business liability coverage limits. This coverage isn’t a policy replacement, but enhances your current risk management policies to give you additional peace of mind...
Auto Insurance Policy If you or your employees use vehicles for business and get into an accident on the road, your auto limits can quickly be reached, since vehicle damage and medical costs can quickly add up. If you extend your auto coverage with umbrella coverage, the factors influencing ...
The name “umbrella” policy shows what it does: it covers more areas than just one. Individuals, families, and business owners buy umbrella policies to add to their main insurance policies, such as homeowner’s orauto insurance, to provide extra liability coverage. When someone makes a claim...
Policy Caps:Every insurance policy, including umbrella policies, has its coverage limits. Even if you have a substantial umbrella policy, there might be cases where the damages or settlement exceed your coverage, leaving you with out-of-pocket expenses. Underlying Coverage Prerequisites:Umbrella insura...
policy first. When the umbrella policy acts as the primary policy, you may be responsible for a self-insured retention (SIR) fee that must be paid for the umbrella policy to become operational. Some examples of when your umbrella insurance might not have underlying coverage from another policy...
You canprovide additional protection to your small businessby owning additional umbrella insurance instead of simply your commercial insurance policy. Whether you are looking at how to incorporate with a sole proprietorship, partnership, limited liability corporation, or even an S or C Corporation, umbr...
Senica Insurance Agent. 715-575-1516 Text Us To Get Started Start your policy ABOUT OUR COMPANY Protecting the local community for over 15 years. We are a small local business that has been protecting your local community for over 15 years. When you work with us, you will never get an ...
An electrical fire results in a tenant's death. The family sues you for $1 million. Your rental property policy might not be enough to cover their pain and suffering. Learn aboutrental property insurance, or landlord insurance. Accidents With Your Dog ...
diner breaks his leg and can't walk properly for the next six months. He believes you didn't properly reinforce the outdoor dining area. As a result, he sues you for $1 million, which is about all you have. An umbrella policy should be there for you beyond your business insurance. ...
Why Does an Umbrella Insurance Policy Matter? Most of us realize that auto and proerpty insurance are important, but few people realize how limited that coverage can sometimes be, particularly when someone sues them for damages in a business. In many instances, companies, even small ones, can...