Business owners in Tuscaloosa, AL know that it’s smart to protect their investment with an umbrella policy. Businesses can face significant losses in the event of a catastrophic event or injury, and just one big lawsuit could force a company to close for good.
Besides expanding the amount of coverage, umbrella policies may also expand the kinds of coverage available. Regular commercial policies are limited in scope, covering specific kinds of losses. An insurance agent can help to cover other important areas.
A commercial umbrella policy purchased through TCU Agency covers losses past the regular insurance limits, giving an added protection beyond traditional insurance policies. If someone is injured on business property or because of a product the business produces, the umbrella policy will kick in once your regular commercial policy limits are at their maximum.
But umbrella policies aren’t just for businesses. Sometimes individuals in Tuscaloosa, AL have assets that need to be protected, or they are in a vulnerable position where, for whatever reason, they may be vulnerable to lawsuits.
In those cases, they can also add an umbrella policy to existing insurance coverage. Depending on the area covered, they may add it to their home insurance to cover potential lawsuits regarding, for instance, an attractive nuisance like a lake or swimming pool on the property. The policyholder may have a special vehicle which is very valuable.
Whatever the case, the agents at TCU Agency are happy to talk to you about your options. You don’t have to remain vulnerable because of traditional policy limits if you are able to obtain an umbrella policy. Please call today for a free consultation and quote.