Although we all hope not to be involved in a catastrophic liability claim, in today’s litigious environment more and more lawsuits are being brought against both large and small businesses. Every day we hear about large settlements being awarded. Whether a lawsuit is legitimate or frivolous, you must still defend yourself against the allegations. An Umbrella Liability policy provides protection over and above your basic business Liability insurance policies (General Liability, Auto Liability, etc.). Should a devastating loss occur, an Umbrella Liability policy could make the difference between keeping your business open or having to close.
Questions you should ask yourself when considering your coverage needs:
Your Moody agent will help you determine the coverage amount that works best for you.
This description of coverage is not an insurance contract. Your policy is the contract that specifies and fully describes your coverage. Conditions and exclusions will apply. Not all coverage described is available in all states.