Commercial Umbrella Insurance
Commercial Umbrella Insurance; Because Accidents Happen
Umbrella liability insurance protects you when accidents
happen and your existing liability insurance policies cannot
cover all expenses. Standard business liability coverage
will take care of you in most situations, but when serious
situations arise, umbrella liability insurance will help
ensure that your business is protected. While no one wants
accidents to happen, they do - and people sue. Here are a
few possibilities:
Your company holiday party gets out
of hand resulting in various injuries and damages
Your
building has a carbon monoxide leak that results in multiple
injuries and/or deaths
Your business fails to render the
appropriate professional services
Cover your business
with umbrella liability insurance A business umbrella policy
picks up where your business auto liability, general
liability or other liability coverage stops. Umbrella
insurance is an inexpensive way to provide extra coverage
against bodily injury and/or property damage.
For
example, if your current policy covers you for $1 million
and you are successfully sued for $1.5 million, your
business umbrella coverage can pay the outstanding
$500,000—which is a lot less painful than having it come out
of your business profits.
Umbrella liability
insurance coverage tailored to your business needs How much
commercial umbrella insurance coverage does your business
need? A variety of factors goes into determining the answer,
including the type of business you own and how much coverage
you already have.
The rising cost of lawsuits and
judgments are important for today's business owner to
consider. Catastrophic liability losses can happen to any
business at any time. The time and effort you have taken to
build your business is too important for it to disappear
after one unforeseen event. Highlights of the Commercial
Umbrella Policy include:
Combination Umbrella and
Excess Liability policy—Coverage A provides excess liability
over Commercial Liability, Commercial Auto Liability and
Employers Liability; Coverage B provides broadened coverage.
Covers the cost of bonds to release attachments and bail
bonds required because of accidents or traffic law
violations.
Covers "prejudgment interest" awarded
against the "insured" on that part of the judgment we pay.
Covers with respect to any claim we investigate or settle,
or any "suit" against an insured we defend, all reasonable
expenses incurred including actual loss of earnings up to
$1,000 a day.
Platinum Protection is a comprehensive
insurance program providing a full line of coverage options
for today’s affluent homeowner in all 50 states. With
products ranging from personal umbrella to coastal wind, we
have the markets to insure most hard to place risks. We
specialize in: celebrities, coastal property investors,
residential builder’s risk, and insured's with claim
history. Our goal is to be your first and best choice for
products and services we offer. Given the opportunity, we’ll
earn your confidence.
Services
- Personal Insurance Products
- High Value Autos and Homes
- Business Insurance Products
- Commercial Property Insurance
- Workers Compensation Insurance
- Professional Liability Insurance
- Commercial Auto Insurance
- Employment Practices Liability (EPLI)
- Earthquake Insurance
- California Fair Plan Insurance