Umbrella insurance is a coverage that anybody can get to help protect them from financial liabilities in the event that their insurance is capped out on a claim, or they are the subject of a lawsuit. It is often umbrella insurance that complements a home or auto insurance policy.
Umbrella insurance is also often used in business for the same purposes. At The Insurance House, we want Tucson, AZ business owners to have the insurance they need to protect them from financial loss.
Why Your Business Needs Umbrella Insurance
It only takes a minute in your life for your business to close permanently because of a lawsuit. In today’s world, you never know what could happen. A slip and fall that caps out your commercial insurance or an auto collision that maxes out your commercial auto insurance could ruin you.
Worse, the wrong thing said about you could have you in court defending yourself with exorbitant costs.
All of these accidents and liabilities can be covered by umbrella insurance.
What Umbrella Insurance Can Cover for You
When it comes to problems in business today, you have everything to lose. Umbrella insurance can cover a variety of expenses that you may not have even thought of.
Umbrella insurance can cover the following rising costs in today’s world:
• Out of pocket legal bills and settlement expenses
• Medical costs
• Vehicle repairs and replacements
You may not be expecting legal bills, but they can happen today over anything. Today’s settlements for an accident or even defamation are often adjudicated in the millions. You want to avoid that.
You already have liability coverage in your commercial policy. Umbrella insurance simply enhances that and provides more coverage.
Protect Your Business
When you have a business in Tucson, AZ, you should consider umbrella insurance. It will complement your existing coverage, and give you peace of mind. Call The Insurance House for a quote to protect your business today.