Even the savviest small business owner makes mistakes. Some are less damaging than others but some can pose a significant threat to businesses. In today’s world of rapidly increasing lawsuits and legal claims, you can never do enough to protect your business.
Many commercial insurance policies provide liability coverage for claims resulting from specific actions or situations for which you or your company can be held liable. Commercial umbrella liability insurance provides “excess” financial protection over and above the limits of other policies you may already have in place for your business.
For example, you may already have general liability and commercial auto insurance. However, your company may be hit with an expensive law suit that amounts to more than your existing policy liability limits. This can leave your business open to risk and make your assets vulnerable.
Value One offers commercial umbrella insurance policies designed to provide your company with an extra measure of financial protection on top of specified limits that may come from other small business insurance policies you also have in place for your company.