Umbrella Insurance

An umbrella policy is designed to cover catastrophic losses that demand more than basic liability policies can deliver. It supplements the liability coverage in your business owner’s policy. The cost is relatively small for the amount of protection provided.

Since the underlying business owner’s policy assumes most of the risk, umbrella insurance takes over only after the liability policy is exhausted. For example, if you have a liability claim and the claimant is awarded $500,000, but your policy limit is only $300,000, you would be responsible for the $200,000 difference – out of pocket. This is where an umbrella policy would take over and pay the difference, rather than you.

Call (800) 346-8424 or e-mail clainfo@coinlaundryinsurance.com to find out how this minimal investment can give you maximum coverage.