Umbrella insurance

A personal umbrella policy is the best form of protection against many other types of losses.

 Umbrella insurance can provide:

An extra $1M to $10M of liability coverage which can help protect assets like your home, auto, boat, wages, and investments such as your retirement

Coverage for claims like libel, slander, defamation of character and invasion of privacy
Helps cover defense costs, attorney fees and other charges associated with lawsuits
And all this coverage extends to international occurrences too!

Coverage that goes above and beyond—without the huge price tag

Umbrella insurance is much more affordable than you may think. And in today’s world, anyone can get hit with a lawsuit. That’s why it’s more important than ever to consider an added layer of protection for your assets-and your peace of mind.

Umbrella – Small Business        

Statistics show that less than half of small business owners feel they have adequate liability limits1.  An Umbrella policy can add an additional layer of protection to help safeguard your assets if a catastrophic loss should occur. So what happens if your business is sued and the settlement amount exceeds the liability limits of your primary insurance policy, or you have multiple claims and the limits are exhausted? Not having adequate coverage for catastrophic losses can leave your business exposed.

Commercial Umbrella

The coverage provided by your primary general liability, automobile liability or employers’ liability policies should protect you in most situations. However, if a catastrophic event impacts your business, the coverage limits provided by your primary insurance policy may not cover the entire loss.

An affordable second line of defense to protect your business beyond your primary insurance.
Provides higher limits of liability for automobile, general liability, and employers liability.
Can cover exposure gaps by kicking in where your primary insurance ends.
Not just for large companies – limits up to $25 million may be available for all small business types.
Even seemingly minor accidents can leave your business vulnerable to a major lawsuit.

Consider these liability risks…

A customer is injured when falling down slippery steps, causing injuries that require long-term care.
An employee in a company vehicle rushes through a traffic light, resulting in an accident that causes severe injury and property damage.
During the course of a workday, one of your employees causes an accident that severely injures a vendor.
To determine if you may need a personal umbrella policy, a Imperial Insurance Agency representative can help you complete an asset protection worksheet free of charge. 

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