Umbrella Insurance Policy

Owners often fail to carry adequate personal liability insurance ("umbrella insurance"). With privately owned companies, it is critical to have adequate insurance for each company owner. The owners are vulnerable to all kinds of lawsuits, and defending against such suits is extremely distracting and costly. Umbrella insurance extends your personal liability coverage for judgments for physical injury, libel, mental anguish or other causes. Damage awards often exceed $1,000,000 even when the incident was beyond control of the person sued. We suggest an umbrella policy for at least $2-5 million. This type of insurance is inexpensive and can be obtained from your insurance agent.