A lot of people don’t realize how inexpensive but practical umbrella insurance can be. You can get a large amount of extra protection at a surprisingly low price when you purchase an umbrella policy for your Evergreen, CO small business. At Davidson Insurance Agency, we know how to help you find coverage that works for you.
What Is Umbrella Insurance?
An umbrella insurance policy simply extends coverage beyond your normal insurance. If you have multiple kinds of insurance for your business, as most do, your umbrella policy will protect you in all those areas. It is common to get an umbrella policy for at least an extra million dollars worth of coverage.
For instance, if someone falls on your property and their injuries exceed your regular insurance. Your policy will stop paying once you reach your maximum. Without an umbrella policy, your business might have to pay for those injuries.
What Else Does Umbrella Insurance Help With?
Umbrella insurance also adds other kinds of protection not normally available under a traditional policy. Under your regular policy, there are usually exclusions for events like false arrest, libel, and slander. Your umbrella policy may provide protection for you in these areas and others.
How Does Umbrella Insurance Work?
You will not be able to use your umbrella coverage until you reach the maximum on your regular policy. Depending on the circumstances, that could happen quickly. A large lawsuit could permanently harm your business without protection.
You can have this protection for your business at a reasonable price. Call Davidson Insurance Agency today so we can show you how umbrella insurance can protect your Evergreen, CO small business.
