Umbrella insurance can protect your position as a business owner. Review some special legal circumstances that umbrella insurance will prove to be beneficial.

Product Liability

If you sell something that causes a consumer to become sick or injured, you are at risk of being sued. Umbrella insurance may cover product liability issues. This type of coverage will handle medical bills, repair costs, and additional fees that you are responsible for when a lawsuit’s verdict is in favor of the plaintiff.

As a defendant in a legal matter, you will receive the additional liability protection needed to handle each of the expenses that you are faced with. 

Worksite Incident

A worksite incident could lead to severe injuries or property damage. If your business is located on property that could be deemed as hazardous, you have an enhanced risk of being sued.

Even operating a business under the best safety circumstances could lead to an accident, however. Umbrella insurance protects you against unforeseen worksite incidents. The insurance coverage will handle expenses that you are faced with throughout the legal process.

Since damages can pile up quickly, having umbrella insurance will prevent you from needing to use business assets to satisfy the legal fees you are responsible for.

Company Vehicle Accident

If you have employees who are assigned to drive company vehicles, you have reason to be concerned about them being involved in an accident.

Your standard commercial insurance policy may not provide adequate protection for severe automotive accidents. An umbrella insurance policy will pick up the slack. Your insurance will cover automotive repairs, medical bills, and attorney fees.

An Agent Who Serves Napa, CA

Contact one of our agents from Wine Valley Insurance Services. An agent will discuss umbrella insurance protection with you.