We are here to help you understand your current liability coverage limits and determine how much umbrella insurance your specific Florida company needs in relation to the risks you face.
Commercial umbrella insurance is a type of insurance that protects your business when an accident happens and the other liability insurance policies you possess are not enough to cover all of the expenses. For example, if you have a liability policy that covers your company for $1 million and you are sued for $1.7 million, your commercial umbrella insurance policy would cover the remaining $700,000, instead of it coming out of your company's profits.
While standard liability coverage will take care of your company in the majority of situations, an umbrella policy ensures that your business in Florida is protected in case a serious situation ever arises. For example, your commercial umbrella insurance policy may become necessary if:
- Various injuries and damages occur after your business’ holiday party gets out of hand.
- A carbon monoxide leak occurs at your business’ location and multiple injuries and/or deaths are caused.
- Your business is unable to render the appropriate professional services for a situation.
At Wise Insurance Agency, LLC, we are here to help you understand your current liability coverage limits and determine how much umbrella insurance your specific company needs in relation to the risks you face.
We realize that no two businesses are alike and that your business’ commercial umbrella insurance policy should appropriately reflect your company’s liability needs. Whether you operate an auto body shop full of machinery or own a professional practice, at Wise Insurance Agency, LLC, we are confident that we can help you mitigate the risks your company faces and ensure your financial interests are protected.