The Slocum Agency Inc. is here to provide business owners with the insurance coverage they need to protect their companies in the greater Warwick, RI area. If your business is growing, it may be time to add an umbrella policy to your current insurance portfolio. Additionally, if you operate in an industry that has a lot of liability risk or is highly litigious, it is worth considering an umbrella policy.
Check out these 3 important benefits of a commercial umbrella policy
Owning and operating a successful company takes a lot of work. An umbrella policy is an effective way to protect that hard work and provide future protection.
- An umbrella policy will provide ongoing protection if and when your primary policy is exhausted. Because policies have maximum coverage levels it is important to have further measures in place to protect your company.
- Umbrella policies will protect the personal assets of the firm’s stakeholders. Once insurance coverage is maxed out, it may fall upon the company owners to cover any financial liabilities that may arise.
- Owning a company is a lot of hard work, and the major benefit of an umbrella policy is the way that it protects the holder from insolvency. An umbrella policy provides the ongoing protection necessary to keep your company operational.
Primary commercial policies are an important part of financial security for any business, but they are not always sufficient for every company’s needs. Find out more about how a supplemental umbrella policy can provide the protection you need.
Is it time to give your insurance coverage a boost? Contact us today
We are proud to serve the insurance needs of the greater Warwick, RI business community. If it’s time to review your commercial policies, give The Slocum Agency Inc. a call today!