Business umbrella insurance is critical in today’s litigious environment. People are more prone to sue a company or business professional now than ever before, particularly when they feel wronged by an organization that has (or is perceived to have) deep pockets. Business umbrella insurance provides extra liability protection to help protect your business in the event of a major law suit.

The business umbrella policy serves three purposes: it provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims; it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims; and it provides protection against some claims not covered by the underlying policies, subject to the assumption by the named insured of a self-insured retention (SIR).

A business umbrella insurance policy that provides the extra coverage you need to protect your business and finances can provide excellent defense against unforeseen incidents. And these policies are surprisingly affordable.  Call Lozes Insurance today for additional protection for your business.