Excess liability insurance is a broad type of umbrella insurance that protects you from a wide variety of risks. It goes beyond the normal liability limits of standard property and casualty coverage and covers you for a higher amount against unpredictable risks.
Our excess liability insurance plans work hand in hand with your current policies to provide additional coverage for bodily injury and property damage, as well as other threats not covered under your regular policy. Because your policy may contain different limits than the coverage of a neighboring business across the street, no one liability limit works for everyone.
Our agents can ensure that your custom umbrella plan extends your limits only as much as you actually need and no more.
Who needs an umbrella insurance plan? Just about any business with assets. You may have a good general business plan, for example, but what happens should someone sue you over an accident that happened on your property, and the suit amount exceeds the limits of your policy? Who picks up the tab? You do…unless you have an umbrella plan.
Likewise, what happens if, as the result of an auto accident involving a company-owned vehicle, you’re sued for more than the limits on your commercial auto insurance? Who picks up the tab? Your business does…unless you have an umbrella plan.
Fortunately, our umbrella plans are very reasonably priced, and in these especially litigious times, they’re protection that every business owner should seriously consider.
Contact us for more information.
At Rine Agency, we can help you select the excess liability insurance policy that’s right for your circumstance. Call or email us, or fill out the convenient form on this page.
