Many Phoenix, AZ businesses may think that they don’t need additional liability or umbrella insurance policies. However, we at Insurancewide Company LLC find that many companies do well with this type of coverage. Here’s why you might want to consider this option for your firm.
Why You Might Need Umbrella Insurance
While not all companies may need umbrella insurance to protect themselves, a growing number are finding this option incredibly beneficial. That’s because it provides a higher level of liability that can help in many different situations, such as when:
- Your Business is Dangerous – If you produce dangerous chemicals or provide services that could be dangerous, umbrella insurance helps to protect you and your potential customers.
- You Use Company Vehicles – Do you have a fleet of vehicles you use for delivery or other company needs? Umbrella insurance can help to minimize your potential problems.
- You’re At Risk of Bankruptcy – Are you in a field that is prone to litigation (such as medical care), or are you going through a damaging lawsuit? Umbrella insurance may keep you from going bankrupt.
Typically, umbrella insurance is an excellent option for just about any business. However, even if you’re not prone to litigation in your field, a slip and fall injury could still threaten you if it occurs on your property. Therefore, it is essential to consider this option for your needs as a business to minimize any serious risks..
Don’t Neglect This Option
If you want an umbrella insurance policy to protect your Phoenix, AZ business, please don’t hesitate to contact us at Insurancewide Company LLC right away to learn more. We are professionals who fully understand your needs and who will balance your umbrella policy to be as fair as possible.