Lawsuits in America have reached epidemic proportions that are greater than any other developed country in the world. Commongood.org reports that there are 15 million new civil lawsuits annually. Many are "frivolous," which means there is no real justification for them, just an attempt to extort money from someone with "deep pockets." Umbrella insurance can provide protection from this risk as well as extend home and auto insurance limits.

Many can benefit from umbrella insurance coverage. Certain professions are particularly vulnerable to lawsuits. By talking about your specific circumstances with an agent at Curtis Miller Insurance, serving West Virginia and Ohio, you will get a clear idea of what type of umbrella insurance will provide adequate coverage for your needs.

Why Professionals Need Umbrella Insurance

Umbrella insurance is especially helpful for professionals who have the risk of a lawsuit being filed against them for malpractice. Most people know that doctors, nurses, attorneys, and accountants all need this type of insurance. Additionally, so do veterinarians, morticians, estate planners, and even hairstylists.

Anyone who works with the public in a personal, financial, or other way or provides health care or related services needs umbrella insurance. Because the law allows suits for settlement amounts that include punitive damages; if a case is lost, the judgment can easily be in the multiple millions of dollars.

Why the Average Wealthy Person Needs Umbrella Insurance

If you own a luxury home that makes you a target. If you own a luxury home and operate a small business that deals with the public, the risk increases. Even when you operate your business out of your home, umbrella insurance coverage can be invaluable. A slip and fall accident on your property, where someone gets seriously injured, suddenly will make you very appreciative that you have umbrella insurance coverage in place.

Because of the snowy winters and the chance that ice can build up on the walkways around your home, a slip and fall accident can easily happen and be blamed on you.

Reach out to an agent at Curtis Miller Insurance, serving West Virginia and Ohio to learn more about umbrella insurance.

If you live in the Parkersburg, WV area or any of the surrounding communities, you can contact Curtis Miller Insurance agency for all of your commercial insurance needs. This includes umbrella coverage that is designed to group several policies together and extend the limits of certain types of coverage that may be needed if a situation is more severe than first expected.

Types of Coverage Included in an Umbrella Coverage

An umbrella policy can include many different types of coverage including commercial liability, fleet insurance, Workers Compensation, health insurance, inventory insurance, and property damage insurance on the buildings and equipment. These policies are offered singly or can be grouped together to create a comprehensive policy that allows you to protect your business with one, well-organized form of coverage known as an umbrella policy.

Extended Coverage on Existing Policies

One of the benefits of an umbrella policy is that it can include an additional layer of coverage that can be used if the limits of one of the policies are exceeded. This is designed to protect your company from devastating financial loss that results from an injury to another person or extensive damage to company property.

The agents of Curtis Miller Insurance encourage you to call their office and schedule a review of your existing commercial insurance policy if you live in the Parkersburg, WV area. A review allows them to evaluate your policy and make changes that are needed to bring your commercial insurance up to date. An umbrella policy may be recommended if your business has grown substantially. Call and schedule your appointment today!