Commercial Umbrella

You don't have to own a big business to be at risk - companies of any size are vulnerable to lawsuits. And company size has no bearing on the amount of the judgment, either. It's entered without concern for your business' ability to pay.

In the event of a catastrophic claim, your general liability, auto liability or employers liability insurance may be insufficient, placing the future of your business in jeopardy:

• A lien could be placed on your property.
• You could be forced to liquidate assets.
• Your current and future earnings could be attached.

If your business is set up as a sole proprietorship or partnership, your personal assets could be seized as well. Multi-million dollar claims are not as scarce as you think. The following claims from Travelers own files bear evidence that big liability claims are on the upswing:

Accident	Loss
An insured's lawn mower blade broke off and struck visitor.	$10,060,000
A chain link fence from the insured's premises blew off and struck two pedestrians on sidewalk.	$2,025,000
A police officer chasing a suspect ran into an unmarked chain strung across insured's property.	$1,477,540
A sub-contractor was inflating a tire when the tire and rim exploded, striking the claimant in the head.	$1,796,178
An elevator in the insured's building fell four floors, injuring passengers.	$2,525,000
A patron at an oil and lube facility was asked to pull car up to service bay when the patron lost control and struck a minor child.	$3,200,000

Umbrella policies can expand your liability coverage for ordinary business mishaps:

• Business automobile accidents
• Customer slips and falls

With an Umbrella Liability Policy in place, there are fewer worries about depleting valuable business assets or future income to cover catastrophic liability claims. An Umbrella Liability Policy supplements your existing policy's general liability, auto liability and employers liability limits. Make the right choice and add an Umbrella Policy to your account. Contact us today.