The insurance agents of Giles & Iten Insurance serve business owners throughout the Surprise, AZ area. Umbrella insurance is a type of policy that is often misunderstood. The truth of the matter is that it can be a financially sound investment if you truly want to protect your business.
Covers Unpaid Liability Claims
Umbrella policies are designed to cover unpaid liability claims when an award given to an injured party is higher than the company’s liability policy amount. For example, if an award is for $1,2 million but the liability policy only covers $1 million. your umbrella policy will cover the overage.
Provides Added Security
An umbrella insurance policy is designed to provide additional security to protect the investment you have in your business. A liability insurance policy acts as a safety net, but an umbrella policy extends that layer of protection much farther, reducing your risk of a financial loss if an accident does occur.
Easily Bundled with Other Types of Insurance
Because of the way umbrella insurance is written, it can easily be bundled with other types of commercial liability insurance. Bundling your policies allows you to reduce the number of payments you make each month and may also make you eligible for a possible discount.
Business owners in Surprise, AZ who are interested in learning more about umbrella insurance for their business can call the agents of Giles & Iten Insurance to get the details. They can review your existing policy and work with you to determine whether or not you would benefit from having an umbrella policy in place. Call and book your appointment today!