Commercial Umbrella Insurance does exactly what it sounds like it’s supposed to: covers your business during a rainy day. That is to say, umbrella coverage takes effect when you find yourself in situations where your other commercial insurance policies are not enough to cover your losses. This could be a catastrophic accident, or just a claim that falls into an unforeseen gap in your plan. If you find yourself in these circumstances, commercial umbrella insurance can be the difference between being financially secured or bankrupt.
Lawsuits with enormous payouts that cripple or close businesses are a regular occurrence. Don’t let your company be one of the ones caught unprepared. Our agents at Woodall & Hoggle Insurance Agency are prepared to take note of your assets, quantify your risks, and build an affordable umbrella policy that will keep you afloat when all else fails.
Even if you feel confident in the insurance coverage you currently hold, you may be facing exposures that you are unaware of. To find out whether a commercial umbrella insurance plan is right for your business, speak to one of our agents today. We will be happy to answer any questions you may have and help you make the right decision for your organization.