Central Lakes Insurance Brokers assists the Edina, MN community, as well as the surrounding areas by helping people find insurance coverage. As an independent insurance agency, we have established partnerships with multiple carriers, allowing us to meet the needs of our clients regardless of their situation.

Understanding Umbrella Insurance

Umbrella insurance gives you additional liability coverage so that you have an extra layer of protection.

Is Umbrella Insurance Beneficial For Small Business Owners

Small business owners should consider adding an umbrella insurance policy in order to protect their assets and cover their potential future earnings. As a small business owner, umbrella insurance can assist you during a liability issue. In the unfortunate event that someone gets seriously injured at the site of your business, having that extra protection in the form of umbrella insurance can be a real asset.

Umbrella insurance can also add extra protection to your business’s vehicles. The policy can protect you if your vehicle starts having engine issues or if the vehicle is stolen or totaled in an accident. Adding umbrella insurance to your workers compensation coverage will allow your business to stay protected if some of your employees get injured. In some cases, having umbrella insurance protects you when you have to travel out of town to conduct business.

As you research different policies, analyze the size of your business. If your employees are taking fairly high risks that may lead to injury one day, you may need umbrella insurance. However, it is important to remember that umbrella insurance acts best as an additional coverage alongside another policy. Do not neglect other forms of liability insurance.

Stop By Central Lakes Insurance Brokers

For more information on different umbrella insurance policies, stop by our office in Edina, MN. We can help you find the right policy to protect the future of your business.