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How Umbrella Insurance Can Help Protect Your Florida Business
Love Insurance Services can help you protect your Niceville, FL area business. Now’s an ideal time to learn more about the ways umbrella insurance can help protect your business. Contact us today to schedule your consultation, and let us help you keep your Florida business protected.
Benefits of Umbrella Insurance
Umbrella insurance is a type of policy that steps up in the event that your primary policy is exhausted by policy maximums. This type of scenario usually occurs when there’s a lawsuit or other award of damages. If the amount is high, it can completely wipe out all the liability insurance that your company has in place. If this were to occur, it could fall to the company owners to pay the uncovered amount. Depending on the structure of your company and how ownership is set up, it’s possible for you to become personally liable.
When your company has an umbrella policy in place, your personal finances are protected. This supplemental liability coverage is especially important for any company that operates in a highly litigious industry. If you’re the victim of frivolous lawsuits or have had opportunistic slip-and-fall suits brought against you, umbrella insurance is a great idea. With this coverage in place, you’ll be able to focus on your core business without having to worry that one accident could wipe out all of your hard work. Owning a business takes a lot of dedication, so you need to protect your investment.
Let us help you protect your business!
Business owners and operators in the greater Niceville, FL area can turn to the team at Love Insurance Services. We can help you with all of your commercial insurance needs, including umbrella policies. Contact us today to set up a consultation to find out more about our services.