Insurance Types >> Excess Liability (Umbrella) Insurance

Excess Liability (Umbrella) Insurance

Excess Liability Insurance is a must have for all businesses, big and small! General liability coverage can cover a lot of expenses caused by liability issues, but not all. If your general liability coverage covers $1,000,000 of expenses and your business gets hit with a huge lawsuit that costs you $1,500,000, you will be responsible for covering the extra cost. With excess liability insurance, you no longer have to be responsible for expenses that extend outside of your general liability coverage.

An excess liability policy can cover more than expenses that exceed your general liability coverage. This kind of insurance can also cover expenses that go beyond your commercial auto and worker’s compensation coverage. Excess liability coverage is important for all businesses, regardless of their size. Although different companies require varying amounts of coverage, the necessity of additional liability coverage is still high. We live in a society where lawsuits are common and judgments can be large. With the amount of financial investments and personal time that goes into a successful business, you don’t want to put it at risk.

Don’t leave the success of your business to chance. The costs of a lawsuit can be catastrophic enough to drain a business of its funds. Purchasing excess liability coverage can help to ensure that this kind of situation will not affect your business in a way that cripples it. You’ve worked hard to get where you are in your business and you have a lot to look out for. Not only do you count on your business, but so does your family and those individuals that you may employ.

Insurance Management Associates, Inc. is a business, so we understand the risks to you and the precautions you should take to protect your business. We specifically deal with business insurance lines and have years of experience providing excess liability coverage. Please contact us with any questions and business insurance needs you may have. Filling out our free excess liability quote form can help us quickly serve you and better understand what your business insurance lines need to entail.

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