Every business faces the possibility of risk on a daily basis. A thief could break in and steal computer equipment, or a tornado could rip through your office. These risks are why prudent business owners equip their companies with adequate business insurance. But what if an incident results in a claim that exceeds your policy limits? 
Ideally, you should have enough property coverage to protect all of the business’ physical assets. But things can get trickier when it comes to liability cases. For instance, a customer may become injured on premises, or the services you offer may have a negative financial impact on customers. In similar cases, customers could bring these charges to court to reclaim their losses…and then some.
However, if you don’t have enough liability coverage in your business insurance policy, your business may wind up being responsible for paying the sum that exceeds that limit. Depending on that sum, it could result in a huge financial blow that your business may struggle to recover from.
That’s where commercial umbrella insurances comes in. This coverage is added onto your policy to extend limits. So if a claim exceeds your normal limits, your umbrella insurance then kicks in to cover the leftovers. You can get large sums of coverage—often in increments of a million—for a reasonable price too.
And while you may not use umbrella insurance anytime soon, having it in place can be exceptionally beneficial in a catastrophic situation. Interested in learning more? Talk to your independent insurance about the benefits of commercial umbrella insurance a get a free quote today.
We’ve got you covered. Call Buschbach Insurance for more information on commercial umbrella insurance.