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Find Out What You Need to Know About Umbrella Insurance for Your Business

Jun 13, 2017

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Find Out What You Need to Know About Umbrella Insurance for Your Business

Learn how umbrella insurance can impact your commercial coverage.

When it comes to protecting your small business, it’s important that you take the necessary precautions to secure it. Implementing the right preparedness plans and investing in the right commercial insurance can help to keep your business safe. However, choosing the right type of insurance can be difficult. While it’s important to have commercial property and general liability coverage, there are extra coverages offered. Find out whether your business needs umbrella insurance.

What is Umbrella Insurance?

Umbrella insurance is a special policy that increases your liability coverage. Should something happen and you exceed the limits of your liability coverage, your umbrella insurance kicks in to cover your liability costs.

How Does Umbrella Insurance Work?

Life is unpredictable and sometimes accidents happen. That’s where your umbrella insurance kicks in. While you may have insurance coverage to protect your business, in certain circumstances, it doesn’t provide enough coverage. For example, if someone were to get seriously injured and your business was found to be liable, your general liability coverage likely wouldn’t provide enough coverage to settle the case. Your business would then have to pay the remainder out of pocket. Such expenses can be debilitating your business. Help to protect your business from those costs with the right commercial umbrella insurance.

How Much Coverage Does Umbrella Insurance Provide?

It’s important to consider that there are limitations to such coverage. Your umbrella coverage only applies to certain policies like general liability, employer’s liability, or commercial auto liability insurance. Ensure that you understand how your coverage applies so that you can make the right decision for your needs. When it comes to your business, it’s important to invest in the right insurance. Choose the right commercial insurance so that your business stays secure. Contact the professionals at Fuller Insurance Agency, located in Southern California, for assistance finding the right policies for your family in Chino Hills, Los Angeles, Long Beach, and surrounding communities.
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