Business umbrella insurance is critical in today’s litigious environment. People are more prone to sue a company or business professional now than ever before, particularly when they feel wronged by an organization that has (or is perceived to have) deep pockets. Business umbrella insurance provides extra liability protection to help protect your business in the event of a major law suit.
Top Reasons to Own Business Umbrella Insurance
Business lawsuits happen every day. What is your risk? When you want to assess the likelihood of a liability claim being filed against you, and evaluate the resources you need to have in place to protect your bottom line, a chat with an independent agent who specializes in commercial insurance is a great place to start.
Many small to mid-sized businesses think that only big businesses are at risk of legal action. However it is important to know that any business can be hit with a liability claim or lawsuit. Relatively minor actions, and even a moment of inattention by one of your employees on the road, can unfortunately lead to big legal action.
Here are some examples of liability risks: