How much could your company benefit from having excess liability insurance?
Often called umbrella insurance, excess liability insurance is one of the most important types of insurance your company can buy.
Think about why you carry an umbrella. You do so to protect yourself from an unexpected downpour so you’re not left exposed to the elements.
Excess Liability Insurance does the exact same thing for your company. It acts as an umbrella that protects your company from unforeseen occurrences that aren’t covered by your regular insurance policies.
Businesses choose Excess Liability Insurance to back up the limits contained in their underlying liability insurances. Every policy has holes that don’t cover against certain types of claims. While these instances are few and far between, having this type of umbrella could be what saves your company from going under in these instances.
It essentially acts as a type of coverage that protects you against anything your regular insurance doesn’t. While these situations may not occur often, having this coverage allows you to carry on with your business, even when you’re not regularly covered for an incident.
How prepared is your company to handle a situation you aren’t covered for?
