Call Us (630) 355-8080 ☰ ˟
Logo
Call Us (630) 355-8080
  • Home
  • Get a Quote
    • Annuity Quote Form
    • Auto Insurance Quote
    • Business & CommercialImage of right arrow
      • Business & Commercial Insurance Home
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Motorcycle Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Classic Car Insurance Request
    • Umbrella Insurance Request
    • Watercraft Insurance Quote
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Us
    • Insurance in Naperville, Illinois
    • Why Should I Work With an Independent Agent in Plainfield, IL?
    • Choosing an Independent Agent in Aurora, Illinois
    • Location(s)
    • Employee Directory
    • Testimonials
    • Privacy Policy
  • Contact Us
    • Contact Us
    • Join our Newsletter
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Toys Icon

Toys

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > 5 Reasons You Need Umbrella Insurance
FRIDAY, SEPTEMBER 16, 2022

5 Reasons You Need Umbrella Insurance

Uncertainty is everywhere. As a business owner, you face a treacherous, uphill battle on your path to success. Even with good intentions, you can expose your business to a multitude of business risks.  

How can you overcome and keep fighting the good fight? You should consider getting umbrella business insurance. 

Umbrella Insurance Is Your Secret Weapon 


Statistics show one-third of small businesses face lawsuits. In 2011, companies with less than $1 million in revenues spent $86 billion battling lawsuits. In 2012, the average employee lawsuit cost $250,000. a woman walking in the rain holding an umbrella

Lawsuits with many plaintiffs are usually even more expensive. A lawsuit can easily exceed your general liability limits on a business policy. 

Umbrella insurance takes effect after you’ve exhausted your general liability limits. It is the safety net you need when it looks like the sky is falling. Instead of paying settlements with your money, you can usually rely on your umbrella insurance policy. 

It Prevents Gaps in Your Insurance Strategy 

Having the right type and amount of insurance is a strategy many business owners should follow.  

If you fit into this category, then commercial umbrella insurance is a must-have. Let's face it, you don’t have the time to find and buy every type of insurance policy your business needs. Your commercial umbrella insurance can bridge some of these gaps. 

Umbrella Business Insurance Saves You Money 

Insurance policies usually protect you from spending your business revenues. As such, you don’t have to worry about maintaining a large contingency fund or about spending your profits in the event of a lawsuit.  

Commercial umbrella insurance saves you money by preventing you from spending it. In turn, you can reinvest in your company and watch it grow. 

Umbrella Insurance Makes Your Business More Agile 

Many business risks are so new you may not know they exist. We have yet to see the extent of liability issues concerning drones and data breaches. Your umbrella insurance policies may help you cover those unidentified risks. In that respect, your business becomes agile. It can now be capable of dodging a variety of business pitfalls. 

Get More for Less with Umbrella Insurance 


Commercial umbrella insurance is relatively inexpensive compared to the coverage you get. Policies that extend coverage by millions can sell for a relatively insignificant amount. With the cost of umbrella insurance being affordable, you can’t afford to go without coverage. 

If you’d like to learn more about commercial umbrella insurance, give us a call. Our licensed insurance agents are happy to answer your questions and give you a quote. 
Posted 4:37 PM

Tags: umbrella, insurance, benefits
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021

  • insurance(11)
  • coverage(7)
  • policy(4)
  • terms(2)
  • homeowners(2)
  • life(2)
  • accident(2)
  • boat(2)
  • umbrella(2)
  • car(2)
  • motorcycle insurance(2)
  • benefits(2)
  • whole(2)
  • small(2)
  • retirement(2)
  • watercraft(2)
  • auto(2)
  • premiums(1)
  • rates(1)
  • umbrella insurance(1)
  • electrical fire coverage(1)
  • driving safe in extreme weather(1)
  • life insurance(1)
  • boat insurance(1)
  • motorcycle(1)
  • homeowners insurance(1)
  • personal(1)
  • personal umbrella insurance(1)

View Mobile Version

Contact Us Today!
(630) 355-8080

Social Social Social

Resources

  • Products
  • Payment / Claims
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

105 WEST JACKSON AVE SUITE 4
Naperville, IL 60540

P: (630) 355-8080 | Fx: (630) 355-8394
© Copyright. All rights reserved. | Powered by Insurance Website Builder