Your Plain City, OH business like most businesses needs liability coverage more than almost any other type of insurance coverage. Your business owner’s policy may not offer the level of coverage you need, but you can easily enhance this with an umbrella policy from Smucker Insurance Agency Inc.
An umbrella policy provides the insurance version of your umbrella in a rainstorm.
Think of your rain slicker as your BOP policy. Your umbrella provides extra protection.
Your BOP covers liability at your office location, storefront, etc., but once it pays the maximum of the policy, the rest comes out of your pocket unless you own an umbrella policy.
You can only buy an umbrella policy once you own a BOP or business liability policy. Umbrella coverage is secondary coverage, providing what amounts to an add-on, but as a separate policy.
We live in a litigious society. One accident on your business’ premises could require settlements to multiple people. The low cost of umbrella policies makes them a wise investment to protect your business.
Imagine that a fire breaks out in your place of business or a tornado or derecho strike it while staff and customers are there. You can feasibly get sued because you did not have fire retardant curtains and tablecloths or because your business had no storm shelter or basement. Perhaps it had no weather radio.
That may sound farfetched as you read this article, but conduct an Internet search for fires at businesses or how common tornadoes are in the US. Every state experiences tornadoes. Your wise investment in an umbrella policy protects your business and pays these settlements once you exhaust the BOP’s liability.
Contact Smucker Insurance Agency Inc. to learn how best to protect your Plain City, OH business from liability with umbrella insurance. Let us help you make your business more successful.