Umbrella insurance is designed to help protect you when your liability coverage runs out for your company. But what exactly does it cover? At Wine Valley Insurance Services, let us show you how umbrella policies protect Napa, CA businesses like yours from serious liability issues.
What is Covered With your Policy
Typically, umbrella insurance covers a broad range of liability issues that may occur on your business property. These include things like bodily injury expenses that go beyond your traditional coverage, harm caused by any animals on your property, and accidents by your delivery drivers.
Importantly, these policies can protect against data loss, hacking, product failure, and other types of lawsuit situations. However, there are a few situations in which your policy may not cover you. Let’s break down a few of these possible scenarios to enhance your understanding.
What is Not Covered
While your umbrella insurance will cover a vast majority of liability situations, a handful may not. These typically center around deliberate actions that you’ve taken that may counteract your claims. Even your traditional liability insurance won’t cover:
- Personal injuries you may suffer on your business site
- Criminal action done deliberately by you or other workers
- Any assumed liability created via your contract
This last element can be of benefit to you. For example, if your customers create a contract with you in which they assume liability, you may not need insurance protection at all. That said, some people may attempt to take you to court anyway, causing frustration and legal annoyance.
Take Control of Your Business Needs
As you can see, there are many unique situations in which you might need high-quality umbrella insurance. We at Wine Valley Insurance Services can hook Napa, CA businesses with the most appropriate options for their needs. So please work with us to get the help you need to stay safe.