BY GREG ROUSH
Umbrella coverage is your best line of defense for general and auto liability catastrophes.
When most businesses consider an umbrella insurance policy, they think about the premium cost and the possible benefits of the coverage. Some business owners may reach the immediate conclusion that they will never see a catastrophic loss, so there is no purpose to incur the cost. “I am not at risk. My business doesn’t fit the profile for a significant loss. Why invest in umbrella coverage when I don’t need it?”
When evaluating the need for umbrella coverage, consider these three questions: