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Umbrella Policies
Most individuals and business owners are very prudent when it comes to purchasing insurance coverage to protect their families and loved ones, their employees, and personal and business property.
Yet, many do not realize that even though they think their assets are protected against a potential liability lawsuit, the addition of an umbrella insurance policy may prove to be a wise decision. An umbrella policy is designed to protect someone with coverage over and above his or her specific existing coverage.
And, when you are injured on business property or are involved in a Denver car accident with a commercial vehicle, delivery vehicle or other work vehicle, the umbrella liability police of a business may be another source of compensation for your injuries.
The Denver injury lawyers at The Law Firm of Jeremy Rosenthal have an in-depth understanding of insurance laws, and limits of liabilities, and will aggressively pursue all avenues of compensation if you or a loved one is seriously injured or killed in an accident.
| Who Should Consider an Umbrella Insurance Policy? You don’t have to be a millionaire for an umbrella policy to make financial sense. If any of these factors apply to you, you should consider umbrella coverage: • Self employed and work from home – your homeowner’s policy will most likely not cover your losses if an employee or customer is injured while on the premises. • Do you throw a lot of parties at your house? This will increase your risk should there be an accident in which a visitor is injured while on your property. • If you use your personal vehicle for business purposes, an umbrella policy will provide additional coverage to take over if your primary auto policy falls short of protecting you in the event of an accident. |
Many business and homeowners can benefit from the peace of mind that comes with having an umbrella policy and the premiums can be well worth the cost of the added protection. Your existing automobile, homeowners and business insurance policies all have limits on what the insurance company will pay out to anyone who files a liability claim against you. If you are entertaining at your home or place of business, and a guest is injured on the premises, you could be sued for more than the amount of coverage provided in your existing policies. An umbrella policy will provide additional coverage to handle any need for more protection, not to mention adding peace of mind that you are adequately covered.
An umbrella policy will let you rest easier, knowing that your financial assets and personal property, not to mention any future earnings, inheritances or assets you intend to leave to your heirs, will be protected.
If you have been injured in an accident with a commercial driver, or on business property, the Denver car accident attorneys at The Law Firm of Jeremy Rosenthal offer free and confidential appointments to discuss your rights.
