My Account
Your umbrella insurance coverage can help if you’re ever faced with a lawsuit. Review some scenarios where your umbrella coverage will be useful to you as a business owner.
Lengthy Legal Battles
A lengthy legal battle could put a financial strain on business operations. Being involved in a lawsuit requires proper legal counsel. If you cannot easily front the money to defend yourself in a lawsuit, having umbrella insurance could be beneficial.
Umbrella insurance is designed to provide protection during legal proceedings. An umbrella insurance policy provides extra coverage that your standard business insurance policy doesn’t. Once you have met your limit through your commercial policy, the coverage that the umbrella insurance provides will be activated.
Protection for Legal Responsibilities
You may be ordered to pay legal fees at the end of a court case. An umbrella insurance policy may provide protection that will keep out-of-pocket costs down.
Once you have exhausted the coverage your standard commercial insurance policy provides, the coverage from an umbrella insurance policy will come into play. And you’lll avoid being responsible for paying out large sums of money.
Insurance Consultation with A Qualified Agent
Would you like to find out more about umbrella insurance coverage and the types of situations it could be used for? Schedule a one-on-one meeting with one of our agents serving Green, OH.
A Ken Boldt Insurance Agency II Inc. agent will review your business plan and determine if umbrella insurance is a good fit for you.
