If you own a business, bad things can happen. People get sick and need medical care. Someone might accidentally trip over something and injure themselves on your property. A customer could slip on some water you spilled and sue you for damages. And that’s just a Monday.
That’s why it’s important to have commercial umbrella insurance. This type of insurance can help protect your business from financial losses if something goes wrong.
Commercial umbrella insurance kicks in when your other business policies reach their limits. For example, if you have liability insurance but the damages from an accident exceed that policy’s limit, your commercial umbrella insurance will help cover the costs.
It’s important to note that commercial umbrella insurance doesn’t replace other business policies – it just provides extra coverage if those policies are exhausted.
The amount of coverage you need for your business will depend on a number of factors. The Rightway Insurance team can help you examine your risk profile, select providers, and find a policy that matches your needs perfectly. Call us today to learn more.
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