What exactly is business umbrella insurance?
A business umbrella insurance policy provides your business with extra protection over your liability insurance. It is typically a fairly inexpensive way to gain extra protection for your business against bodily injury and/or property damage. Your Brooke Insurance agent can discuss the details with you and would be happy to answer any questions you might have about this coverage type and help you determine if it is a good fit for your company.
Unfortunately, accidents happen and businesses can get sued.
• During your annual business holiday party, things get a little out of control. The results are various injuries and damages to the interior of your building.
• It is found that there is a carbon monoxide leak in your building. The leak results in multiple injuries and even possibly a death.
• Your business is found to have failed in rendering the appropriate professional service and is sued.
How an umbrella policy might work:
Your current business liability policy covers your business for $2 million dollars. Your company is successfully sued for $3 million dollars. Your umbrella policy can be used to pay the extra $1 million, which is a better thought than having to come up with the difference from your business revenues.
How much umbrella coverage does your business need?
Determining the amount of umbrella insurance your business needs requires analyzing several factors. Some of the factors that will be reviewed are what type of business you have and how much liability insurance you already have in place. Your local Brooke Insurance agent will provide you with a free business umbrella insurance quote and will assist you in determining the best coverage options for your business.
Your Brooke Insurance agent will compare your business insurance needs with several of the nation’s top insurance companies to find just the right policy to meet your specific and unique insurance needs. You will also receive the confidence of having a local Brooke Insurance agent to talk to personally, should the time come that you need to discuss your options or file claim.