While umbrella insurance assists businesses by covering legal fees and court costs for selected situations, its primary purpose is to extend the liability limits of other insurance policies. Every insurance policy limits the amount paid for claims, leaving the policyholder responsible for amounts over the limit. Businesses with umbrella insurance benefit when the umbrella policy covers the damages that exceed the limits of the underlying policies. If you’re considering adding umbrella insurance to protect your business, contact U.P. Insurance Agency Inc., serving Negaunee, MI, and the surrounding area.<\/p>\n
While every business potentially benefits from umbrella insurance, companies that frequently have customers on their premises or whose business involves working at customer sites find it particularly valuable. Businesses that have customers or clients regularly enter their property face the potential for them to fall or otherwise injure themselves. Professions such as physicians and lawyers, and retailers such as restaurants, auto dealers, and shops face these risks. If an accident occurs, their umbrella policy extends the liability limit of the base policy.<\/p>\n
Businesses that work at customer sites also benefit from umbrella policies. Those in the skilled trades who work on-site risk damaging customers’ property or injuring others. Similarly, companies that provide delivery services or otherwise operate vehicles can cause damage or injuries in work-related vehicle accidents.<\/p>\n
Besides the value of the protection provided by umbrella policies, the need for umbrella policies is a standard contractual requirement for many government and private organizations.<\/p>\n
The U.P. Insurance Agency Inc. team serves individuals and businesses in the Negaunee, MI, market. Call us at (906) 475-5400 to schedule an appointment or stop by our office to address your insurance needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
While umbrella insurance assists businesses by covering legal fees and court costs for selected situations, its primary purpose is to extend the liability limits of other insurance policies. Every insurance policy limits the amount paid for claims, leaving the policyholder responsible for amounts over the limit. Businesses with umbrella insurance benefit when the umbrella policy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[13,14],"class_list":["post-122","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-negaunee-mi","tag-u-p-insurance-agency-inc"],"aioseo_notices":[],"aioseo_head":"\n\t\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