If you’re a business owner, you know protecting your assets is essential to your ownership responsibilities. Many business owners have questions about insurance and how much of each insurance type they should carry. If your business is in the Bay Area, CA, area, our Wai Cheng Insurance Inc. team can explain the types and amounts of insurance your company needs. We’ve been providing insurance services for clients in your area for over 15 years.
Commercial Umbrella Insurance
Your company needs insurance policies to protect your building and property. Worker’s compensation and employee health insurance will be needed to protect your employees. When your company insurance needs to pay a liability claim, and the amount they must pay is more than the amount of your policy limits, you may be able to cover the excess amount if you have an umbrella insurance policy. According to ADP, commercial umbrella insurance is an insurance policy designed to provide coverage for amounts above the limits of your policies.
When you buy insurance, you and your commercial insurance agent will do your best to estimate the amount of coverage you need. If you or your insurance agent foresee the possibility of needing additional liability coverage, you should get an umbrella insurance policy. The future is impossible to predict, and an extra layer of protection could be a welcome safety net.
Call Us Today for an Appointment
Whether you’re considering umbrella insurance or you want to evaluate your current commercial policies, our experienced team at Wai Cheng Insurance Inc. is ready to work with you to ensure your company is fully covered. Clients in the Bay Area, CA, can feel confident when trusting us with their insurance business. Call us for an appointment today, and let’s talk about insurance.
