If umbrella policies are good for individuals, then they are imperative for business.
When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Call Pavese-McCormick Agency, Inc. at 732-247-9800 or email us today about a commercial umbrella insurance policy.
What you need to know about commercial umbrella insurance
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Pavese-McCormick strongly recommends that your business insurance program include this coverage.
What is Excess Liability Coverage?
This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.
Who needs Excess Liability Coverage?
Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.
Commercial & Business Insurance
– Insurance coverage that helps protect your business
Including Professional (Errors & Omissions), Cyber Security, Employment Practices Liability (EPLI), and Directors & Officers (D&O)
In addition to advising you on the right coverage, we provide additional services, such as:
Loss Prevention Programs
With our insurance company partners, we can evaluate your business’s current conditions and recommend ways to lower property, auto, workers compensation or liability losses. Lower losses will not only lower your insurance costs, but also increase your productivity by avoiding downtime.
Many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing.
Quick Claim Response
When you do have a claim and need fast and fair service, we work with you to make that happen. That’s why we only represent companies with excellent records for settling claims fairly and promptly.
Our Version of ‘Flow’ is Christine.
Serving unique needs of businesses in NJ and the tri-state area
Social Services/Non-Profit to both as well
Medical Device Manufacturing
Life Science Insurance
Real Estate/Commercial Property
To see if your business qualifies for one of these special programs, call or email Pavese-McCormick at 732-247-9800 or firstname.lastname@example.org and talk with one of our agents today.
Our mission is to help you find the right combination of tailored, personalized insurance coverage at just the right price to fit your needs.