When Bob opened an
antique store five years ago, business was booming. But after
a serious slip and fall injured a customer last year, Bob’s
booming business went bust after he was sued.
Today, accident
claims are more frequently being settled in the courtroom at
staggering costs, regardless of how serious the incident may
be.
The average small
business typically purchases "normal" commercial
coverage limits of $1.000,000. But sometimes, this number is not
enough to settle a death claim or one with permanent injuries.
It is vital for
business owners to re-evaluate their coverage to make sure
they are fully protected.
A commercial
umbrella policy may be your best bet. This type of policy
provides excess coverage above and beyond policies you have
already purchased, making sure an accident won’t force your
business into bankruptcy.
Because the
program is designed for small commercial operations, premium
quotes are easily obtained on a simplified rating plan.
Call us to discuss
how a commercial umbrella can help your business.
Coverage
for flood losses