As a business owner in Doral, FL, addressing your liability risks is crucial to protecting your assets and investments in the long term. Understanding liability risks and limitations is essential in determining if umbrella insurance is right for you. With umbrella insurance in Miami Lakes, FL, you can safeguard yourself from substantial financial losses stemming from commercial liabilities, damages, or even lawsuits, allowing you to focus more on your business growth. At Jet Stream Insurance Group LLC in Miami Lakes, FL, we can help you learn more about whether umbrella insurance is right for your business needs.
Protection Against Excessive Liability Claims
Business owners may sometimes face frivolous or excessive lawsuits, which can put them in high-risk situations without proper insurance. Umbrella insurance extends the liability limitations of general liability policies that you may have for commercial property, auto, and business coverage.
Coverage for High-Risk Situations
If you operate in high-risk industries, such as healthcare, medicine, or science, or if you interact with the public, umbrella insurance is highly advisable. It can cover both personal and business assets, even when facing unexpected claims or lawsuit filings.
Coverage for Uncommon Risks
Protecting yourself from uncommon risks, such as libel, defamation, and slander claims, may be necessary for high-profile individuals and larger organizations or corporations. Umbrella insurance can help cover legal costs stemming from lawsuits involving harassment, discrimination, libel, or slander claims.
If you’re interested in learning more about your current general liability insurance policy or if you want to compare umbrella insurance options, we can help. To learn if umbrella insurance is right for you as a business owner in Doral and Miami Lakes, FL, contact Jet Stream Insurance Group LLC for your consultation today.
