YOUR BUSINESS CAN WEATHER MOST ANYTHING IF YOU CARRY AN UMBRELLA
An accident or litigation can devastate your business. It’s the reason you carry insurance policies to financially protect your company against a laundry list of risks, such as personal injuries, property damage and more. Most insurance policies have a liability limit. A claim settling for over that amount? The overage is out of pocket, unless you have umbrella insurance.
If you’re in the market for an umbrella policy, then you understand how it could save your company from a catastrophic loss—one that could put you out of business. Trust an LEH Insurance agent to evaluate your insurance portfolio, your industry, and other factors, then balance them with an umbrella policy that makes financial and common sense.
ADDITIONAL COVERAGE AGAINST SKYROCKETING LEGAL AND MEDICAL COSTS
An insurance policy covering up to $1,000,000 might seem sufficient to protect your company financially in the case of a lawsuit. Considering skyrocketing legal and medical costs, business owners are discovering it isn’t anymore.
A delivery truck rear ends a passenger vehicle. The vehicle driver is injured, requiring an ambulance, emergency medical care and an extended hospital stay, plus long-term physical therapy. You’re contacted by an attorney representing the driver. Your company is being sued for the driver’s medical costs and lost wages over the extended period he is off work, plus of course, legal fees.
Perhaps the delivery driver was on his phone, following too closely, etc. The vehicle driver’s case amounts to $1,250,000, and a judge will probably award it. Your P&C insurance covers a $1,000,000, the policy limit. Who pays the remaining $250,000? Your company. Unless you have umbrella coverage for the amount over your policy’s limit. Situations like this are common for business owners today.
Umbrella insurance can offer extra liability coverage for:
- Bodily injury
- Property damage
- Other types of litigation, like libel and slander
A COST-EFFECTIVE UMBRELLA POLICY TO PICK UP WHERE OTHER INSURANCE LEAVES OFF
LEH Insurance agents review your existing policies and risk to shop more than 600 carriers for the right-sized and right-priced umbrella policy. With that coverage in place, your company is positioned to weather most anything.