Choosing the proper amount of liability coverage can be challenging, and buying the "right" amount of liability insurance for general, auto and employer's liability is not an exact science. Business owners and decision makers should consider the total assets of the business that are exposed to third party suits as well as the likelihood of a major, catastrophic lawsuit.
An excess liability or "umbrella" policy is an important risk management tool. This policy is used to increase or "buy up" limits of coverage in addition to general, auto and employers liability insurance. These premiums are generally lower than if each individual underlying policy were to be issued at the individual higher limit.
We can help you understand and select the proper amount of coverage for your business.
