A defective product or service offered through your business could result in a lawsuit from a customer. If your commercial insurance policy does not provide adequate liability protection, you should consider adding umbrella insurance coverage to your plan.
Umbrella Insurance
Umbrella insurance coverage provides additional protection once the limits of your standard insurance policy have been reached. It is designed to act as a safeguard, covering costs that your primary insurance policy does not.
Legal Matters
Umbrella insurance is a type of liability coverage that reimburses business owners for out-of-pocket legal expenses. These expenses may include attorney fees, settlement costs, and the preliminary steps required to prepare for a court hearing.
Legal Concerns
If you are worried about being involved in a major lawsuit, you may wonder how this could impact your finances. Without adequate insurance coverage, the costs associated with legal matters could disrupt your ability to operate your business effectively.
Having a backup plan to handle unexpected legal issues is essential. Umbrella insurance coverage can provide financial relief during challenging situations that require you to defend yourself in a lawsuit.
Insurance Concerns
Contact a qualified agent at Red Rock Insurance to discuss any insurance concerns you may have. An agent serving the Las Vegas, NV, region can answer your questions about umbrella insurance.
They will explain how umbrella insurance can benefit you as a business owner and help update your business insurance policy to reflect the coverage amount you select.
