Purchasing commercial insurance can be a complex process. Understanding all available coverage is essential to ensure your Parkersburg, WV business is covered in an accident or disaster. One type of coverage that may benefit some companies is an umbrella policy, which provides additional protection beyond a standard commercial insurance policy. Let’s take a closer look at why you might need an umbrella policy from Curtis Miller Insurance and how it works.

What is an Umbrella Policy?

An umbrella policy is an additional type of insurance that provides extra coverage over and above your existing liability coverage from your standard commercial insurance policies, such as general liability and property damage. An umbrella policy also covers any gaps in your current coverage, providing additional protection from loss due to accidents or disasters. For example, suppose your business experiences a situation where the cost of damages exceeds the limits of your standard commercial insurance policies. In that case, an umbrella policy may help cover those costs up to its limits.

Do I Need an Umbrella Policy?

Whether or not you need an umbrella policy depends on the type and size of your business and the risks associated with it. Suppose your company has higher-than-average risks, such as working with hazardous materials or operating in areas prone to natural disasters. In that case, extra liability protection could be invaluable if something goes wrong. Additionally, if you have significant assets that could be at risk if damages exceed your existing coverage limits, having extra protection with an umbrella policy could save you from financial ruin should something unexpected occur.

If you think that you might benefit from this extra layer of security against potential losses due to accidents or disasters, contact Curtis Miller Insurance today for more information about how our team can help protect your business with comprehensive insurance solutions tailored specifically to meet the needs of Parkersburg, WV area businesses like yours!