The Best Coverage for Business Umbrella Insurance in Havertown
What is Umbrella Insurance for Business?So, what is umbrella insurance for business, exactly? It’s an additional layer of liability protection that companies can use to guard themselves against financial losses. It provides additional liability coverage limits on top of your liability coverage limits on your underlying business policies (such as property policies, liability, auto, and worker’s comp policies), in the event of a large lawsuit or claim. A business umbrella insurance policy helps businesses of all sizes protect their assets and finances should a major lawsuit arise without bearing the full brunt of such costs from their own pocket. Umbrella insurance for businesses can provide peace of mind to those running a company, as it helps them keep their financial security intact in the event of unforeseen circumstances.
What Does Business Umbrella Insurance Cover?A business umbrella insurance policy covers similar types of costs as liability business insurance. This includes personal injury and libel offenses, as well as attorney fees, medical expenses, and damages in the event that your current business policies don’t cover these types of incidents fully. It can also cover damage to property that’s not protected under your business property insurance policy.
How Much Umbrella Insurance Should a Business Carry?It's essential to ensure you're adequately protected from unforeseen losses or accidents. However, businesses come in all shapes and sizes, so the amount of umbrella insurance a company should carry does vary. A good starting point is to match your business umbrella insurance policy to your net worth. So, if your net worth is $2 million, your insurance policy should cover that much. Ultimately, having a proper amount of umbrella insurance will help you keep your business safe and secure no matter what comes your way. Most commercial business umbrella policies can be purchased for $1 million - $10 million in coverage (in $1 million increment options).
Find Umbrella Insurance for Business from an Independent Agency in PAAre you looking for a reliable business umbrella insurance policy in Pennsylvania? If so, you’ve come to the right place. At Peterson Insurance, we are proud to be your go-to independent agency for business umbrella insurance coverage in PA. With 25+ years of experience, we have earned a reputation as a trustworthy and knowledgeable provider, providing our clients with top-notch service and competitive rates. As an independent insurance agency, we aren’t tied to a particular provider and can find you the best policy amongst 30+ A-rated companies.
Call Peterson Insurance for Your FREE Business Umbrella Insurance Quote Today!As an independent insurance agency located in Havertown, PA, we can help you secure a business umbrella insurance policy that provides ample coverage beyond your general liability policy, commercial auto policy, and worker’s compensation policy. Click to get a free business umbrella insurance quote online, or call to speak directly with one of our local insurance agents to find affordable business umbrella insurance in Pennsylvania today!
What to Expect from Peterson Insurance
Insurance can be confusing and with all of the online companies these days, a lot of customers feel that they aren’t getting the answers and coverage explanations they deserve. We make sure that we take the time to work with each of our customers on a personal level and help you get the coverage you need at a price you can afford. For us, it’s simply a matter of doing things the right way.
As independent agents, we check options from many carriers, finding you the best price available to meet your needs.
We're a family business, and firmly believe that you should be treated with the same level of care and courtesy.
We do more than just getting you covered: we ensure you understand your options to make the best choice.