Umbrella Insurance
Most commercial and personal lines of liability coverage come with policy limits, which represent the maximum amount your policy will pay out for a covered claim. However, some accidents, claims, or lawsuits may surpass these limits. In such cases, an umbrella insurance policy can offer additional coverage to bridge the gap.
If you’re in search of a policy, whether for personal coverage or your business, we’re here to assist you. Contact us today to begin the process.
What Is Umbrella Insurance?
Umbrella insurance provides supplemental coverage beyond the limits of existing policies. It can protect against bodily injuries, property damage, lawsuits, and other liability scenarios. This coverage is available for both commercial and personal lines of insurance.
- Commercial umbrella insurance This policy provides an additional layer of liability protection by covering costs exceeding your business's other liability coverage limits. It safeguards your company from expenses related to liability claims such as libel, reputational damage, vehicular accidents, product liability, or customer injury.
- Personal umbrella insurance Personal umbrella insurance offers additional coverage above and beyond your other personal liability insurance limits, including auto, homeowners, or boat insurance. It helps protect your family and assets from substantial liability claims or judgments, covering injuries, property damage, certain lawsuits, and personal liability situations.
Since every policy varies, it’s crucial to collaborate with an agent to determine if an umbrella policy suits your needs and how much coverage is appropriate.
How to Get Coverage
For umbrella insurance tailored to your personal or business needs, contact Reggie Saylor with John Galt Insurance Agency to get started.