3 Benefits of Umbrella Insurance

Business owners in Georgetown, TX can turn to the agents of StraightEdge Insurance Agency if they have any questions concerning umbrella insurance for their companies. An umbrella policy offers many benefits to those who choose to purchase them. Not only do they extend coverage in many aspects, but they offer a level of protection that other policies can’t match.

Higher Liability Limits

An umbrella policy covers liability payouts that exceed the limitations of other insurance policies. If a liability claim is $1.3 million and the limit for the liability policy is $1 million, the umbrella coverage will pay for the overage. This extension protects business owners from incurring additional losses.

Provide Coverage Not Offered by Other Policies

In some cases, umbrella coverage can be used to cover claims for things that aren’t covered under other policies. By filling in the gaps and covering less common claims, umbrella insurance offers a level of financial security that other types of policies can’t or won’t. This can include personal injury claims and punitive damages as well.

Relatively Affordable

Even with the increased coverage for extending liability limits and covering various gaps, the cost of an umbrella policy is relatively affordable. By picking up where other policies leave off, umbrella insurance provides well-rounded coverage at a reasonable price.

At StraightEdge Insurance Agency, business owners in Georgetown, TX can have all of their questions answered by agents who understand their needs. Call and schedule an appointment today to have your commercial insurance policies reviewed. This will ensure that you have the protection you need at all times and that your risk of financial loss remains low.