Phillipsburg, NJ area business owners can turn to the team at TAS Insurance Agency for all of their insurance needs, including umbrella insurance. If you want to make sure that you have the liability protection you need, give us a call today.
An umbrella policy can help protect your business
When it comes to protecting your company from liability risk, having an umbrella policy is a good place to start. Umbrella insurance will protect your company from losses due to liability. This type of policy is especially important for any business that operates in an industry where lawsuits are common.
If your company is at risk of lawsuits, such as slip and fall claims, it’s smart to have robust insurance coverage. An umbrella policy is a good addition to a business’s commercial insurance portfolio because it will provide that protection. When a primary business policy reaches its policy limits, the risk of financial loss caused by liability risk will fall solely to the company.
And, depending on how the company was established, such as having an LLC versus a C Corp, the owners can become personally responsible. This, of course, is an unwanted situation that should be avoided at all costs. Fortunately, an umbrella policy can protect a company from this liability risk. When a primary policy is exhausted, the umbrella policy will come into play and provide protection. It makes sense to add an umbrella policy to your insurance portfolio.
We are here to help with all of your commercial insurance needs
TAS Insurance Agency is proud to serve the Phillipsburg, NJ business community. If you have questions about umbrella insurance and how it could protect your business, give us a call today.