business insurance

What You Need To Know About Business Umbrella Insurance

You’ve buckled down for the success of your business and one unfortunate incident could put your assets in danger if the expense of a covered claim surpasses the limits of your business liability insurance.

This is where business umbrella insurance can help. It’s an extra layer of obligation protection that starts at the limit of a basic risk strategy. Depending on the level of coverage your purchase, it enables you to help shield your business from dangers like substantial jury awards.

Here are some examples of incidents where having business umbrella insurance can protect your business:

An elderly client is harmed when she stumbles on something while at the same time visiting your business. Her medicinal expenses are considerable — and surpass the cutoff points of your liability policy.

An umbrella approach can help when the expenses of a case outperform the limit of your basic risk strategy.

Your employee causes a multi-vehicle mishap while driving a company vehicle to a business appointment. The hospital, therapy and fixed costs are higher than your policy limits.

Business umbrella insurance can help with liabilities that surpass your basic auto insurance coverage

Umbrella coverage is only one part in a full menu of business protection choices accessible from S.T. Good Insurance of Florida. Your specialist can likewise talk about accessible inclusion choices for other conceivable dangers.

For a consultation and quote contact us at S.T. Good Insurance of Florida at (772) 287-3625.

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