Your basic commercial liability insurance may not be enough if you are in a high-risk business. Every day headlines announce multi-million-dollar settlements for bodily injury and property damage. Ask a professional from Alliance Insurance Partners in Scottsdale, AZ whether your business would benefit from umbrella insurance.<\/p>\n
Umbrella insurance provides additional coverage to support your general liability insurance in Arizona or any other state. Umbrella insurance is available to supplement your home, auto, or business coverage. If you go over the limit on your other insurance coverage, an umbrella policy covers the remaining amount up to the umbrella policy cap.<\/p>\n
Business owners buy umbrella policies to protect their assets from court judgments involving accidents for which they or an employee was at fault. It covers bodily injury, death, and property damages. When you settle a claim or receive a judgment from a court case, your umbrella covers the cost.<\/p>\n
Professionals of all types and lines of work use umbrella policies. This policy isn’t just for the wealthy. In fact, the less you have, the more you need additional protection. Most umbrella claims come from vehicle accidents. Most people will be in at least one accident in their life, so it’s not hard to understand. However, some at-risk people would primarily benefit from this insurance. If any of these apply to your business, contact Alliance Insurance Partners in Scottsdale, AZ for more information.<\/p>\n