As a small business owner, you know how much an accident or litigation can be devastating to your organization. That is why you've done your due diligence and taken out insurance to help protect your business against various risks like personal injuries, property damage and auto accidents; however, chances are your insurance policies come with a liability limit. When that limit is exceeded, you could find yourself out of your own pocket but umbrella insurance has you covered.
Umbrella insurance picks up where your standard insurance coverage falls short. You can think of umbrella insurance less as a standalone insurance product and more as a way of giving your existing coverage an extra boost. With umbrella insurance, you can have additional liability limits to protect your small business.
Umbrella insurance typically provides extra liability coverage for: