Florida Insurance – Business Umbrella Insurance
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This type of liability insurance is a newer, important option for small businesses. No matter the size of your business, you can be sued for any amount of money, regardless if your business has the money reserved in accounts and/or assets. It only takes one mishap, or one accusation for your business to be ordered to pay any amount of money. For this reason, umbrella insurance exists for businesses, and you may want to talk to one of our Florida insurance agents about it.
What will business umbrella insurance do for my business?
Essentially, business umbrella insurance provides the added security for your company if more significant losses may occur. Just like every policy you have for your business and personal life, an umbrella business policy should be reviewed in detail by yourself and your Florida insurance agent to make sure you have the coverage that is best suited for your business.
Business umbrella insurance, or the lack of having it, could be the fine line you are riding on in the event of an occurrence that determines if business continues as usual, or if you are forced to file for bankruptcy. When your business policy can no longer cover what you are faced with, the umbrella business policy picks up by covering your attorney fees as well as large judgment amounts.
No matter the size of your business, it pays to have umbrella business coverage. Contact Marvel insurance today and let’s draw up an umbrella policy for you!