Construction, manufacturing, transportation, healthcare, and hospitality companies can benefit the most from umbrella insurance. However, umbrella coverage isn’t only for high-risk businesses. Anyone who owns and operates a business in Clarinda, IA, may want to consider the benefits of an umbrella insurance policy. This type of insurance can spell the difference between getting through challenging circumstances or permanent shutdown.<\/p>\n
Umbrella insurance covers liability claims when you’ve reached the limits of your business liability insurance. For example, umbrella insurance will cover the difference if you have liability coverage of up to $2 million, but someone sues you for $3 million. Expenses covered under an umbrella policy include medical bills, legal fees, the cost of a settlement or judgment, and property damage. However, umbrella insurance doesn’t cover all types of damages. Policies typically exclude crimes, intentional forms of damage, errors and omissions claims, and breach-of-contract claims.<\/p>\n
Alternatively, you can purchase an umbrella insurance policy that supplements your property insurance policy. Not all businesses need this form of supplementation. However, you should seriously consider it if your building is expensive and\/or you own expensive equipment and inventory. There are also umbrella insurance policies for commercial vehicles. These policies cover the cost of claims arising from a vehicular accident and compensation for stolen, vandalized, or damaged vehicles.<\/p>\n
Sump Insurance is a locally-owned insurance agency serving business owners in and around Clarinda, IA. We offer multiple commercial insurance policy options. You can purchase a standalone umbrella insurance policy or bundle umbrella insurance with other forms of commercial insurance if you wish. What’s more, our team offers expert advice to help you get the best possible coverage. Call us for more information or to get policy quotes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Construction, manufacturing, transportation, healthcare, and hospitality companies can benefit the most from umbrella insurance. However, umbrella coverage isn’t only for high-risk businesses. Anyone who owns and operates a business in Clarinda, IA, may want to consider the benefits of an umbrella insurance policy. This type of insurance can spell the difference between getting through challenging […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5,6,8],"class_list":["post-98","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-clarinda-ia","tag-sump-insurance","tag-umbrella-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t