For any business owner, safeguarding their investment from loss and unforeseen situations is paramount. Business insurance serves as a practical means to achieve this end. However, like all types of insurance, business insurance has its limits. At Securum LLC in Lynnwood, WA, we are committed to helping business owners comprehend their options and secure the much-needed extra coverage.
Understanding Umbrella Insurance
Umbrella insurance is a secondary type of insurance policy designed to cover incidents that exceed the limits of a primary insurance policy, given these incidents fall within the coverage guidelines. It also acts as primary insurance for events or circumstances not covered by your primary insurance policy as long as these situations meet the coverage guidelines. Simply put, umbrella insurance is your backup coverage that comes into play when your primary policy has maxed out.
Does My Small Online Business Need Umbrella Insurance?
Risk is an inherent aspect of all businesses, irrespective of whether you have an online business or a brick-and-mortar location. Even seemingly minor incidents could exceed your insurance coverage limits and disrupt your business operations—think of a lawsuit, an unexpected loss, or other unfortunate events. With its extensive liability coverage, Umbrella insurance could keep such setbacks at bay. Investing in umbrella insurance would be beneficial if you ever anticipate an event that exceeds your coverage limits.
Contact Securum LLC!
Business insurance is pivotal for your enterprise’s stability and growth, and supplementing it with an umbrella policy maximizes its effect. If you have questions about umbrella insurance and how it could benefit your business, do reach out to us at Securum LLC. We’d be happy to help you explore your options and make an informed decision.
