Umbrella/Excess Liability

Umbrella or Excess Liability insurance covers your business for claims that is in EXCESS of your normal liability coverage- your liability insurance will only cover you up to a certain limit. Your umbrella excess liability insurance will account for the additional funds needed to meet the claim amount. Umbrella liability adds another layer and closes the gap between the different liability coverage you may have.

 

How do you know if your business needs umbrella excess liability insurance? Every business is unique and different in its nature. You will have to take into consideration all the possible scenarios that might occur, more so if your business falls into the high-risk category.

 

The possible costs involved in an accident can be direct and indirect- direct costs may include physical damages, repair or recovery of items, medical bills and indirect costs may include temporary shutdown of business, court sessions, time spent resolving the issue and overall claim amount.

 

At Market Financial Group, we will investigate and review your policy coverage, mitigating the risks that your business may face and design a customized and affordable business policy so that your business can continue to allocate your resources to more efficient channels.