These days’ lawsuits seem to pop up from the most surprising places. An employee driving their own car to a meeting accidentally strikes a pedestrian, and you get sued. A patron slips and falls and injures themselves while exiting your business, and you get sued. An advertisement lists the wrong number, causing thousands of annoying phone calls at an unrelated business, and you get sued.
Chances are the amount of liability protection from your general liability insurance, commercial auto insurance and employer’s liability policy may not provide enough financial protection. This can leave your business open to risk and make your assets vulnerable.
A commercial umbrella policy can increase your liability protection when a lawsuit maxes out the limits of your current coverage.