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umbrella insurancePeople use umbrellas to protect themselves from the elements.  Commercial Umbrella Insurance protects your business from unexpected damages and claims.

Maybe you are starting a new business or have been in business for years.  Whatever the case, you want to do everything to help your business succeed.

Having an Umbrella policy can prevent your business from closing prematurely.

Umbrella Insurance Is for a Financial Rainy Day

You have so many things to think about when it comes to running your business:

  • Production
  • Employees
  • Utilities
  • Marketing

Insurance, particularly Umbrella Insurance, may be back of mind.  However, it’s one of the most important tools you can have to protect your business.

Take this situation from NJ.com in which a company was sued by the tenant of an apartment complex it owned.  The individual slipped on the complex’s icy parking lot.  He sued for negligence and settled for $1.75 million.  Not exactly pocket change.

umbrella insuranceOf course, an Umbrella policy isn’t the only policy your business needs.  Insurance Business America explains that commercial Umbrella Insurance supplements your basic business policies.  Also, it only pays the amounts not covered by your other commercial policies.

If your business involves driving, you need commercial auto insuranceAccidents caused by you or one of your employees when driving for work are covered by the auto policy first.

In addition to any claims, your combined policies also may pay for legal costs if you are sued.

However, Umbrella policies don’t cover every potential problem.

The Insurance Journal reports that your policy may exclude employment practices liability coverage, product recall coverage, asbestos-related claims coverage, and many others.  You need to thoroughly discuss your business and business needs with your agent.  Know what your policy covers and what it doesn’t.

Because each business is unique, each Umbrella policy needs to be as well.

At the Keating Agency, we are a third-generation, family-owned business.  We have the experience and personal attention your business deserves.  We also have relationships with more than two dozen companies.  This allows us to find the right policy and price to suite your needs.

Going into our fifth decade, we are here for you.  Give us a call.

Request a quote!

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