What is Umbrella Insurance?
Even is the charges against you or your family are groundless, liability insurance protests you and your family finances from major disasters.
For example, if you crash into someone else, liability car insurance pays for a legal defense and any judgments or settlements. Or if your dog bites someone, homeowners liability insurance covers medical expenses.
But the safety net of liability insurance only stretches as far as the coverage amount you have. If you have significant assets that you could lose in a lawsuit, you need higher levels of liability insurance. Here’s more on what can be taken from you in a lawsuit.
That’s where umbrella insurance policies come in. An umbrella policy is designed to help prevent financial ruin from a catastrophic event that you’re financially responsible for.
You can read more about Umbrella Insurance here: Forbes.com – Umbrella Insurance
To get started with commercial umbrella coverage and other business insurance solutions contact us at 651-739-9684.