Most business owners understand the complexity of risk, and usually partner with independent insurance agencies and consultants like Betters Insurance, but having the right partner is only half the challenge. Understanding the different types of policies and limits will help you make better decisions about your businesses financials and insurance package.

So… to the point.. Umbrellas!

Much like personal umbrellas, commercial umbrellas provide an additional layer of liability protection against claims.

Suppose you had a tragic accident that caused the death of an client in your business, the amount of damages could be catastrophic to your business financials right?.. exactly, while none of us want to think these type of horrible incidents could happen in our businesses, unfortunately, they do.

In the above illustration, a standard BOP likely will not have enough coverage to protect the business from financial burden associated with the incident. An umbrella however, will extend your general liability limits to a higher amount. Often purchased in $1M increments, coverages can be purchased at pennies on the dollar compared to paying out of pocket for catastrophic incidents.

Betters Agency specializes in ensuring our clients have the correct AMOUNT of coverage, contact us today for a free review.