Business owners and operators in the greater Mesa, AZ area can rely on the Freedom Insurance Agency. If you have any questions about the many effective ways that an umbrella policy can protect your company, give us a call today.
Benefits of umbrella insurance for your business
The main benefit of an umbrella insurance policy is the additional liability protection it will give to your company. As a company becomes more established, it is more likely to become a target of frivolous lawsuits from either disgruntled employees or litigious customers.
Without enhanced liability, your company may be held financially responsible in situations where the firm’s primary policy is exhausted. Unfortunately, just one lawsuit could be enough to meet and exceed your primary policy limits. Without an umbrella policy in place to provide additional protection, the situation can quickly turn into a bad one.
When a company’s liability insurance is exhausted, it could be possible for a plaintiff to come after the business’s assets. And, depending on how a firm is structured, it could also be possible for the owners’ assets to be at risk. No one wants to go through this type of scenario, and the most effective way to avoid such a situation is with an umbrella insurance policy.
Why not sit down now with a local agent to review your current liability protection and determine if it still meets all of your company’s coverage needs?
Contact us today
Freedom Insurance Agency is here for the Mesa, AZ area business community. We are the team to talk to regarding all of your commercial and umbrella insurance needs. Reach out to us today and find out more about the ways we can help you protect your local business.