Call Us 708.423.2350 ☰ ˟
Logo
Call Us Today 708.423.2350
  • Home
  • Get A Quote
    • Automobile
    • Boat
    • Business
    • Commercial Umbrella
    • Contractors
    • Flood
    • Health
    • Homeowners
    • Limousine
    • Motorcycle
    • Professional Liability
    • Recreational Vehicle
    • Renters
    • Trucking
  • Customer Service
    • Automobile
    • Business
    • General Liability
    • Motorcycle
    • Broker Services
  • Blog
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Important Files
    • Insurance Glossary
  • About Us
    • About Buschbach Insurance Agency, Inc.
    • Location
    • Career Opportunities
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
  • ProducerPointers
  • Payments
Home > Blog > Umbrella Insurance Equals More Financial Protection
FRIDAY, AUGUST 14, 2015

Umbrella Insurance Equals More Financial Protection

umbrella over houseAs a business owner, you may not be well-versed in insurance topics. Additionally, your business operations may keep you too busy, preventing you from analyzing the legal ramifications of liabilities within your industry. The truth is, many businesses are being sued on a regular basis nowadays. Injuries and associated court settlements can easily exceed a million dollars, depending on the circumstances. All too often, a basic general liability insurance policy may not cover all the expenses associated with being sued. Fortunately, you can double (or multiply by more!) your financial protection by adding umbrella insurance to your existing insurance portfolio.

How Umbrella Insurance Protects Your Business


Simple enough, umbrella insurance provides your business with extra liability coverage beyond that of a general liability insurance policy. From car accidents to injuries that happen on your property, umbrella insurance may help you cover the costs associated with the loss. Although most people use their umbrella insurance for auto accidents, it is a handy insurance tool for many other types of liability issues. You may be able to use your umbrella insurance policy for the following:
  • Car accidents
  • Bodily injury claims
  • Libel
  • Slander
  • Court costs
Umbrella insurance goes beyond the financial limits imposed by general liability insurance. With the protection of an umbrella insurance policy, you don’t place your business in financial jeopardy. You can simply file a claim on the policy and leave your business revenues alone.

How Much Umbrella Insurance Is Enough?


For most business owners, determining how much insurance is enough is challenging. However, the process doesn't have to be tough. Typically, umbrella insurance is purchased in million dollar increments. So, by assessing your needs, you can easily determine the level of coverage that is appropriate for your business. Take the following steps to get an estimate of the amount that is best for your business:
  1. Analyze all the risks your business faces and assign a monetary value.
  2. Estimate the value of your business assets.
  3. Consider how much liability insurance you already have.
  4. Calculate how a lawsuit would affect business income.
  5. Take this information to an insurance agent for advice about coverage options.
Armed with this information, you and your licensed insurance agent will be able to determine what umbrella policy will work for your business.

The best way to protect your business is by being prepared for the unexpected. Although you may not have a lot of information about how to protect your business using insurance, your insurance agent is a reliable partner when you need answers about insurance products.

Get the coverage you need. Call Buschbach Insurance Agency at (708) 423-2350 for more information on Oak Lawn umbrella insurance.
Posted 6:31 PM

Tags: insurance, umbrella insurance, oak lawn, tips, business, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • insurance(183)
  • business insurance(153)
  • tips(99)
  • coverage(97)
  • safety(52)
  • oak lawn(50)
  • restaurant insurance(43)
  • savings(42)
  • illinois(41)
  • business(31)
  • commercial(31)
  • home insurance(28)
  • auto insurance(28)
  • policy(24)
  • liability(23)
  • commercial auto insurance(22)
  • chicago(20)
  • chicago il insurance(17)
  • bop(17)
  • protection(16)
  • workers compensation(14)
  • general liability insurance(13)
  • buschbach insurance agency(12)
  • owners(11)
  • cyber liability insurance(11)
  • business owners policy(10)
  • auto(10)
  • buschbach insurance(10)
  • restaurant(9)
  • trucking insurance(8)
  • risks(8)
  • cyber(7)
  • general liability(7)
  • car(7)
  • illinoise(7)
  • driving(7)
  • surety bonds(6)
  • construction insurance(6)
  • claims(6)
  • workers(5)
  • vehicles(5)
  • employee(5)
  • compensation(5)
  • security(4)
  • umbrella insurance(4)
  • events(4)
  • building(4)
  • liability insurance(4)
  • homeowners(4)
  • worth(4)

View Mobile Version
buschbach logo

Physical address: 5615 W 95th St
Oak Lawn, IL 60453
Main Phone: 708.423. 2350
Email: sales@buschbach.com

 facebook Social Icon Social Icon Social Icon Social Icon
© Copyright. All rights reserved | Powered by Insurance Website Builder