If you own a business in the greater Boca Raton, FL area, turn to the Coastal Premier Insurance Group team for all your commercial insurance needs. We are here to help local businesses protect their hard work and dedication!
Why umbrella insurance is essential for many companies
As a company grows, its insurance needs will likely change. And, the more successful and active a business is, the more likely liability protection needs will increase. An umbrella policy is an intelligent addition to a growing business’s insurance portfolio because it provides that additional liability protection.
A primary policy has limits on the amount of liability coverage that they offer. This means that once that threshold is met, the company can be directly liable in case of lawsuits or other damages. And depending on the organizational structure of the firm, owners can, in some cases, be held personally responsible.
Growing companies and their leadership teams have a lot to focus on. Reviewing commercial insurance policies can sometimes fall near the bottom of the priority list. While this is understandable behavior, it can put the company at risk of financial liability.
Proactively obtaining an umbrella policy is an effective way to ensure the company is protected. Umbrella insurance is an effective tool in every business’s toolbox. Now is a great time to learn more.
We look forward to working with you.
Coastal Premier Insurance Group is here to serve the Boca Raton, FL business community’s insurance needs. If it’s time to review your company’s insurance to ensure that it provides all the coverage you need, we can help. Contact our office today and schedule a consultation.