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Boca Raton, FL 33487

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Does an LLC Owner Need Umbrella Insurance?

Small business ownership presents unique insurance challenges and requirements. Coastal Premier Insurance Group is here to assist LLC owners in Boca Raton, FL, in navigating the complex world of insurance products. This article outlines the advantages of umbrella insurance for small business owners and how it can protect their businesses.

Why Landlords Should Consider Umbrella Insurance

If your LLC involves renting out properties, umbrella insurance can offer extra peace of mind. A lawsuit claim often exceeds general liability coverage limits, leaving you responsible for the excess amount. An umbrella policy can cover these extra costs, ensuring your business isn’t bearing the burden.

Umbrella Insurance for High Revenue Businesses

Umbrella insurance can also benefit businesses earning more than $250,000 annually. It provides additional protection for both your business and personal assets.

Does Your Business Type Necessitate Umbrella Coverage?

The nature of your LLC’s operations often dictates whether umbrella insurance is a prudent choice. For instance, if your business deals frequently with customer properties, you operate in the public sphere, or your employees drive for work-related purposes, an umbrella policy can safeguard against potentially expensive liability claims.

Considering Umbrella Insurance Coverage Level

Choosing an umbrella insurance policy requires a thorough understanding of your business’s value. It’s useful to consult with an experienced insurance agent to help determine the appropriate coverage level. Often, your net worth guides policy selection, as there’s no need to insure beyond your total holdings.

Coastal Premier Insurance Group: Boca Raton’s Trusted Insurance Associates

At Coastal Premier Insurance Group, we are pleased to provide comprehensive insurance solutions to LLC owners in Boca Raton, FL. We are here to assist if you’re unsure about your insurance needs or seeking expert guidance. Call, email, or visit us in person for stellar insurance services today.