Commercial Real Estate High Limit Umbrella Liability Insurance

Lawsuits are increasingly common these days, and that is why business and property owners everywhere try to keep themselves protected with liability insurance. Those in the commercial real estate industry are at particularly high risk, and because of this, basic insurance may not be enough. Here’s what you need to know about high limit umbrella liability insurance for commercial real estate:

Traditional Insurance May Not Be Enough

Because of the combined value of both the real estate property itself and the businesses that operate out of it, commercial real estate claims can be far more costly than anticipated. In fact, the settlements can easily exceed initial coverage amounts with general liability policies. On the other hand, umbrella liability insurance policies with high limits provide much greater coverage limits for these situations, which is why they are a wise investment. The term “umbrella” also means that it will cover a more broad amount of situations and costs than the average insurance policy.

There is a High Limit Policy that Will Fit Your Budget

High limit policies can actually be more affordable than anticipated. You can lower your base costs by narrowing down your coverage needs as well as deciding how much you are willing to spend out of your own pocket. There’s no time like the present to talk with a reputable high limit insurance agent about your risks and what you are looking for in an insurance policy. I’m other words, don’t wait until disaster strikes to try to protect yourself.

Contact a local insurance professional that has experience with this business category, someone that can guide you and help you procure the right insurance coverage.