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17 April, 2018 0
commercial umbrella insurance

Does Your Small Business Need Commercial Umbrella Insurance?

Find out what commercial umbrella coverage can do for your business.

If you are a small business owner, then you probably already have standard commercial insurance in Los Angeles, California.  However, these standard policies might not be providing the comprehensive coverage that your business needs.  If you fear that you have coverage gaps, then you should consider investing in commercial umbrella insurance.  Here’s what you need to know about this type of coverage.

What is it?

Commercial umbrella insurance provides excess liability coverage for your business.  Essentially, this type of policy acts as an extra layer of liability protection for your company.  When you reach the coverage limits of your standard liability policy, then umbrella insurance steps in and provides the additional coverage that your business needs.

What does it cover?

As preciously mentioned, commercial umbrella insurance covers liability issues.  For instance, if a customer injured themselves on your business’s property, then your business would likely be hit with a substantial liability claim.  If the cost of this claim exceeded the coverage limits of your standard policies, then your umbrella insurance would kick in and provide the extra liability coverage that you needed.

Do I need it?

Commercial umbrella insurance is not a mandated coverage.  However, this does not mean that you should overlook this type of policy.  Because umbrella insurance is one of the best ways to fill the coverage gaps left by your standard commercial insurance policies, many business owners consider it an essential coverage.  If you want to give your business the comprehensive coverage that it needs, then you should consider investing in commercial umbrella insurance for your company.

This is what you need to know about commercial umbrella insurance.  Do you have further questions regarding your commercial insurance in Los Angeles, California?  Then don’t hesitate to contact the experts at Fuller Insurance Agency in Southern California.  We are ready to assist you with all your coverage needs today.

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