The Slocum Agency Inc. is here for the business community of Warwick, RI and the surrounding area. If it is time for your company to beef up your insurance portfolio, we can help. Call our office today and schedule a consultation to learn more about the many benefits of commercial umbrella policies.
Utilizing your umbrella policy for liability protection
If you own a business, you know how vital the right insurance is to protect it. Your primary policy should provide the protection you need when it comes to liability. However, these policies have limits, and one major lawsuit can exhaust your coverage. This is why having a complimentary umbrella policy is such a great idea.
Umbrella insurance can protect you when your primary policy limits are reached. This protection steps into play if you have a situation arise that carries a lot of liability. For example, if you face a substantial lawsuit, your umbrella policy will provide an additional layer of protection.
Having this enhanced liability protection can help if your firm is ever held financially responsible due to a lawsuit. This type of policy is often used to defray legal expenses and protect company assets if the plaintiff is awarded a substantial sum of money. And depending on the way your firm is structured, the company’s principals will be protected from any personal exposure.
Why not take a closer look at the benefits of umbrella insurance today?
We look forward to working with you!
Warwick, RI area business owners turn to The Slocum Agency Inc. team for all of their commercial insurance needs. If it’s time for you to boost your firm’s insurance portfolio, give our office a call today.