General Liability

Why You May Need Umbrella Insurance? Every small business is vulnerable to a huge lawsuit. Just think about the last time you heard in the news about a multi-million dollar lawsuit settlement these days. Umbrella insurance basically extends your coverage beyond the limits of your basic business liability insurance. It acts as an excess layer over your primary liability policy.

 The umbrella insurance policy limits provide additional liability insurance coverage after the limits of your underlying policy are exhausted.

For example, what if several of your customers got injured on your property and collectively required medical treatment for $1.5 Million but the liability limit of your basic insurance policy is $1 M.? If you purchased an umbrella insurance policy for a $1 M., it would cover the additional $500,000 in medical expenses as long as you are found liable.

For complete coverage definitions as well as any conditions, limitations or exclusions, please refer to the actual policy contract. Preferred Classes of Business:

• Restaurants

• Building or Premises – Bank or Office Building or Premises – Office

• Medical, Dental or Law Offices

• Air Conditioning Equipment – Dealers or Distributors Only

• Retail Trade: 1) Barber Shops; 2) Beauty Parlors; 3) Camera Stores; 4) Florists; 5) Gift and Souvenir Stores; 6) Ice Cream Stores; 7) Nail Salons; 8)Music and Record Stores; 9)Thrift Stores; 10) Bridal Stores and 11) Variety Stores.

Product Specifications:

• Limit per Occurrence: $1 Million

• Aggregate Limit: $1 Million

• Minimum Self Insured Retention: $10,000

• Minimum Premium: $500