My Account
Businesses and individuals in Beloit, WI, often ask Senz Insurance Agency Inc. about umbrella insurance. We’ve realized that most people don’t know that you can buy two umbrella policies—a personal umbrella policy and an umbrella policy for your business. Both insurance policies work to protect your liability separately.
Umbrella Insurance Quickly Explained
Any primary policy, such as an auto, home, or commercial insurance policy, that you buy through our agency qualifies you for an umbrella policy purchase. An umbrella policy, a secondary policy type, adds liability coverage, typically in increments of $1 million of coverage. Once a primary policy’s liability coverage pays out, the umbrella policy kicks in to pay the remainder of a settlement.
Personal Umbrella Coverage
When you buy a personal umbrella policy, it protects your finances from settlements arising from:
• Accidents at your home
• While you or a family member covered by your auto insurance operate your vehicle
• Libel or slander cases arising from personal activities, such as volunteering in your community.
Although it functions the same way, commercial umbrella coverage differs in the situations covered.
Commercial Umbrella Coverage
A commercial umbrella policy protects a business and its C-level employees from out-of-pocket settlements arising from business activities. Commercial umbrella covers every type of commercial liability, from a restaurant’s delivery driver causing an auto accident to its CEO libeling someone in a speech.
Contact Our Insurance Firm Today
Don’t let your Beloit, WI, business, or personal liability go unprotected. Call or email Senz Insurance Agency Inc. today to purchase your umbrella insurance policies. Cover all your bases with umbrella coverage.
