Umbrella insurance provides protection beyond standard coverage, and they are available in increments of a million dollars. Sometimes known as an excess liability or personal liability insurance, umbrella insurance doesn’t stand alone. Instead, it adds another layer of liability protection on top of the liability built into other policies you have, including auto, homeowner’s, or…Read more
What is Umbrella Insurance?
Umbrella insurance is designed to protect you from liability exposures that your homeowner’s and auto insurance policies do not, as well as fill in gaps in coverage when the limits of these policies are exhausted. Lawsuits are filed daily against ordinary folks, with reasons ranging from the frivolous to the justified. More often than not,…Read more
How Much Umbrella Protection do I Need?
One million dollars is the minimum amount of coverage for an umbrella policy. However, insurance companies usually offer these types of insurance policies in one million dollar increments and often go up to ten or twenty million. Some companies that target high net worth individuals may offer up to hundred million or more. Most people…Read more
4 Types of Insurance for Small Business
There are four types of insurance that most small businesses purchase. The first is property insurance. This type of coverage provides compensation if business property is damaged, stolen or lost. In addition to covering the physical business structure, property insurance covers personal property. This includes inventory, office furnishings, raw materials, computers, machinery and other items…Read more
Commercial Umbrella Insurance
Slips, falls, false advertising and personal injury claims. And more. Your business faces the risk of being sued every day—even if you never do anything that causes harm. In our litigious society, you face being sued just by being brave enough to open your doors. But you also can protect yourself, your business and your…Read more
What Umbrella Insurance Is and Who Needs It
Insurance policies can be confusing, so it’s nice when you can at least understand what their names mean. Umbrella insurance provides us with a perfect example a self-explanatory name. On the most basic level, insurance policies and umbrellas perform the same function: protection. Insurance protects you from financial hardships and an umbrella protects you from…Read more