Did you know that if your business has no choice but to pay the expenses that insurance companies won’t cover?
We were only joking.
You absolutely have access to an amazing type of insurance policy that will give your business the same type of umbrella that you use to keep you dry during those April showers.
The umbrella we’re talking about is called Excess Liability Insurance. Excess liability insurance is made to help you pay liability costs in excess of existing insurance limits and provide coverage in areas not included in existing policies.But what does that mean for your company?
Your company finds itself in a lawsuit regarding damages for a liability claim, and the jury dictates that you are, in fact, liable.
They state that your company has to pay $3 million for the damages that were done. It’s not exactly what you want to hear, but this is why you have insurance. They should pick up the cost right?
Unfortunately, your policy states that they have a policy limit of $2 million dollars for this type of claim leaving you to pay $1 million out of your company’s revenue.
At this point, you’ll be kicking yourself because you didn’t make the investment into an excess liability insurance plan that would’ve covered the excess cost of this claim.
We know that you can’t foresee the holes in all of your insurance plans, and you cant be expected to know the limits of every policy, but that’s why GDI keeps you covered by offering excess liability insurance plans.
At GDI, we treat your business like it is our own, because keeping your business above water is the whole point of having insurance.
It’s designed to be the net that catches you, not to take your money and leave you out to dry. GDI knows your business is your biggest accomplishment, and we want to see it flourish just as much as you do.
If you’re in need of Excess Liability Insurance, then contact us. Click the link below to get a free quote on your own Excess Liability insurance plan and see how else we can help your business.