Business owners have many things to consider when protecting their assets and maintaining their businesses. Fortunately, it’s possible to invest in an insurance policy that covers the important areas of your business. However, sometimes a primary insurance policy isn’t enough. Business owners can include another level of protection if needed. Determining if another layer of protection would be a wise investment may be challenging. Our team at All-Tex Insurance is committed to helping Granbury, TX business owners understand all the insurance options available to them.
What is umbrella insurance?
Umbrella insurance is backup or secondary insurance. In other words, if you have a covered event that exceeds the maximum limits of your insurance policy, umbrella insurance will cover anything that exceeds the maximum limits of your primary policy. In some situations, umbrella insurance can act as primary insurance if you have a covered event that is not included in your primary insurance policy.
I have a small online business. Do I need umbrella insurance?
Umbrella insurance can be helpful if you feel your business could be liable for a claim beyond your liability limits. Umbrella insurance would cover anything that exceeds your primary limits as long as it’s considered a covered event. If you have a business where customer interaction is frequent, umbrella insurance may be a reasonable consideration. However, there may be other factors that would make an umbrella insurance policy a good investment as well. Even if you run an online business, you may still have assets to protect and other business issues that would benefit from umbrella insurance. If you have questions about umbrella insurance, call us. We’d be happy to help.
