Like a personal umbrella policy, a business umbrella policy covers a catastrophic loss and can potentially save a business from huge financial distress. Often, it can be the difference of staying in business or going out of business.
Umbrella liability insurance for your business will protect you when a covered claim occurs and your existing liability policy cannot cover all the expenses. The standard business liability policy is typically adequate for most situations, but umbrella liability will help ensure that your business is protected for large losses. Owning a business is risky, but going without proper insurance is riskier. No one wants to be sued, but because accidents occur, sometimes lawsuits are unavoidable.
Consider these possibilities:
Business umbrella policies are inexpensive and picks up where your business auto liability, general liability or other liability coverage stops. Umbrella insurance provides extra coverage against bodily injury and/or property damage.
For example: Your current policy covers you for $1 million and you are successfully sued for $1.5 million, your business umbrella coverage would pay the outstanding $500,000 – For most, this is the difference between losing your business or staying in business.
To determine the amount of commercial umbrella insurance coverage you need, a variety of factors are considered, such us the type of business you own and the coverage that is currently in place.
We will discuss with you the details of a commercial umbrella policy to help you make an educated decision about your small business needs. We can also let you if there are other types of additional coverage that would be more appropriate, like excess liability coverage. We will answer your questions and help you gain the knowledge you need to make the best decision for your company.
Get the right commercial umbrella insurance at the right price! Located in Westfield, we offer business and property insurance coverage throughout Central Indiana including Indianapolis, Carmel, Noblesville, Fishers, Zionsville, Whitestown, and Brownsburg. We're also proud to serve the entire state of Indiana from our Westfield office.
Get a Quote Today - Need commercial umbrella insurance? Let Paris Insurance help. Contact us to compare quotes and find the right coverage at the best price.
Insurance solutions customized for you.
Paris Insurance Group is an independent insurance agent that provides customized solutions for your personal property, business, and vehicle insurance needs, including homeowners insurance, car insurance, business insurance, and more. Located in Westfield, on the Northside of Indianapolis, we provide insurance services throughout Central Indiana and the entire state including Carmel, Noblesville, Fishers, Zionsville, Whitestown, Brownsburg, Hamilton County, and surrounding areas.
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