Umbrella Insurance Extend Your Coverage for Multiple Liability Policies at Once

Umbrella Liability Insurance requirements vary by state with some allowing you to purchase an umbrella policy to give you additional coverage for a particular liability concern, whereas others require you to buy all three of the above liability policies before you can add Umbrella Insurance. Luckily, restaurant and catering businesses can usually add an Umbrella Liability policy to all three preexisting liability policies with a single, consolidated premium.

Key Benefits & Features

With an umbrella policy, you’re able to control the potential financial impact liability exposures resulting in a claim or lawsuit may have on your business. While your current liability policies already offer a degree of protection – an umbrella policy can decrease the amount you would have to pay if you’re found liable for more than your preexisting liability coverage limits.

With the threat of potential injury claims, investigations, lawsuits, attorney fees, and judgements looming over food service businesses every day, Umbrella Insurance can literally be the difference between weathering a financial setback and having to close your business.

Protect Yourself from the Leading Cause of Liability Exposure

Did you know auto accidents are the number one cause of liability exposure for small businesses? With vehicle collisions, liabilities can add up quickly between the potential for bodily harm as well as property damage. Rather than risk exposure to a liability claim that can easily exceed a million dollars, you can strengthen your business coverage and protect your livelihood with an umbrella policy.

Extend Your Coverage for Multiple Liability Policies at Once

Umbrella Insurance is just that – an umbrella. It gives you the power to boost your coverage for multiple liability concerns with a single policy. Instead of trying to calculate and raise your coverage (and premiums) for specific liabilities, you can purchase an umbrella policy and add coverage to your General Liability, Employer Liability, and Hired/Non-Owned policies all at once.

Easy Step-Up Coverage

With an umbrella policy, you can choose the amount of additional insurance coverage you want in increments of $1 million and with relatively low premiums.

What an Umbrella Policy Doesn’t Do

For food service businesses, the leading liability exposure risks stem from food-related incidences and hired/non-owned auto accidents. Because errors and omission issues are not a common exposure concern for restaurants, caterers, and other food service businesses, Errors and Omissions coverage (also known as Professional Liability) is NOT covered by an Umbrella Insurance Policy.

To find out more about how an Umbrella Insurance Policy can give you the added protection you’ve been looking for, contact us today.