Umbrella insurance can assist businesses in several ways, including covering lawyers’ fees and court costs for specific legal situations. However, its primary purpose is to extend the liability limits of other insurance policies. Since insurance policies limit the amount paid on a claim, the policyholder becomes responsible for the amount over the limit. If you have umbrella insurance, it pays the damages exceeding the underlying policy’s limits. If you’re considering umbrella insurance to protect your business further, contact the Smith Insurance Agency of West Virginia, serving Kingwood, WV, and the surrounding areas.<\/p>\n
While every business might benefit from umbrella insurance, companies with customers onsite and those visiting customer sites find it particularly valuable. For instance, physicians, lawyers, and other professionals whose clients visit their offices risk someone falling and injuring themselves during a visit. Similarly, all retailers, restaurants, and auto dealers that invite the public into their facilities face similar risks. Should an accident occur, an umbrella policy will extend the liability limit of the base policy.<\/p>\n
Other businesses that find umbrella policies valuable are those that work at customers’ sites. Skilled tradespeople who work on-site run the risk of damaging their customers’ property or injuring others. The same applies to delivery services and other businesses that operate vehicles due to the potential for damage or injuries in work-related vehicle accidents.<\/p>\n
Also, contracts with government and private organizations often require their business partners to carry umbrella insurance.<\/p>\n
The Smith Insurance Agency of West Virginia team serves individuals and businesses in the Kingwood, WV, market. Call (304) 329-1440 or stop by our office to schedule an appointment to address your insurance needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Umbrella insurance can assist businesses in several ways, including covering lawyers’ fees and court costs for specific legal situations. However, its primary purpose is to extend the liability limits of other insurance policies. Since insurance policies limit the amount paid on a claim, the policyholder becomes responsible for the amount over the limit. If you […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[8,9,12],"class_list":["post-152","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-kingwood-wv","tag-smith-insurance-agency-of-west-virginia","tag-umbrella-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t