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When Does a Business Need Umbrella Insurance?

When Does a Business Need Umbrella Insurance? When Does a Business Need Umbrella Insurance?

Mar 21, 2019

Commercial Insurance

Could Your Business Benefit From Umbrella Insurance?

  Umbrella insurance is a coverage that most would benefit from, yet so many business owners overlook this policy. It can be extremely valuable coverage to businesses that operate on tight profit margins, and those looking to protect their investments and livelihood. Could your business benefit from umbrella insurance in Banning, CA?   Umbrella insurance is designed to pay for events when a business' primary insurance has been exhausted. It provides that extra protection a business needs for big and unexpected events that can quickly exceed primary insurance limits. These events can range from devastating multi-million dollar lawsuits to liability claims to employee auto accidents, and more.   Here are just a few reasons why your business should consider an umbrella policy:
  • You could go bankrupt without it. All it takes is one lawsuit to sink a small business.
  • Your customers may require you to purchase such coverage for their protection.
  • Your business may operate in an inherently dangerous industry where claims are more likely to occur.
  • You have company vehicles or employees that drive their personal car for business.
  • You have a physical location - one slip and fall on company property can produce devastating effects.
  To find out if your business could benefit from an umbrella policy, contact the experts at Little & Sons Insurance Services. Serving Banning and the surrounding cities in California, we are ready to assist you with all your insurance needs.
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