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As its name implies, umbrella insurance extends your coverage beyond the limits of you basic insurance. It’s important because it helps protect your business against an unsuspecting disaster or a huge lawsuit that could be devastating to your business. Umbrella insurance provides additional liability insurance coverage after the limits of your underlying policy is reached. For instance if people are injured on your property and required $1.5 million in medical treatments but your underlying policy is $1 million, your umbrella policy would cover the additional $500 hundred thousand dollars if you are found liable. This policy is only available to businesses that carry Business Owners and Commercial Auto policies with us. |
