An umbrella isn’t just that thing we use to keep us dry in a rainstorm. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving or closing.

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage.

It’s an unfortunate fact – a claim against your business that appears to be small and easily resolved can turn into a lengthy hassle that ends in a large loss.

These types of claims can often take an extended period of time to litigate and settle. What if the resulting settlement is higher than your business policy’s liability limits? How would that impact your business? How do you know if you have enough coverage?

The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event.

While we can’t predict the future, we  have seen enough out-of-control claims to know that a commercial umbrella policy can be a life saver for your business.