{"id":61,"date":"2025-01-31T04:00:00","date_gmt":"2025-01-31T10:00:00","guid":{"rendered":"https:\/\/www.burchellagency.com\/blog\/?p=61"},"modified":"2025-01-28T16:07:20","modified_gmt":"2025-01-28T22:07:20","slug":"umbrella-insurance-what-it-does-and-doesn-t-cover","status":"publish","type":"post","link":"https:\/\/www.burchellagency.com\/blog\/umbrella-insurance-what-it-does-and-doesn-t-cover\/","title":{"rendered":"Umbrella Insurance – What It Does and Doesn’t Cover"},"content":{"rendered":"

Umbrella insurance can reduce out-of-pocket costs you might incur due to general liability for an injury or damage. Let’s explore what this type of insurance covers and some limitations you may face as a business owner.<\/p>\n

Umbrella Insurance Provides Enhanced Coverage<\/h2>\n

You likely have a liability insurance plan that provides protection against injuries and damage. However, a liability insurance policy has a limit, which outlines the maximum amount your policy will pay. If any expenses exceed this limit, you will be responsible for paying them. An umbrella insurance policy is an enhanced type of coverage covering the difference your liability policy doesn’t cover.<\/p>\n

Umbrella Insurance Coverage for Unique Situations<\/h2>\n

Umbrella insurance coverage is beneficial for unique business situations. A business that generates a lot of revenue may benefit from being covered by an umbrella insurance policy. If a business owner deals with a lot of sales and expenses, a future lawsuit could be costly. Umbrella insurance coverage can also benefit a business that poses many hazards. If hazardous materials and dangerous equipment are used regularly, there may be an increased risk of someone becoming injured or something becoming damaged. An umbrella insurance policy offers additional liability protection that a standard commercial insurance policy doesn’t offer.<\/p>\n

Insurance Exclusions<\/h2>\n

An umbrella insurance policy will not cover your business. If you are concerned about damage occurring to your business, you must obtain a separate insurance policy covering your business and the equipment within it.<\/p>\n

Contact An Insurance Agent Who Serves New York<\/h2>\n

Our agents at AW Burchell Agency Inc. are here to assist. Schedule an appointment with an agent to discuss umbrella insurance coverage that will benefit you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Umbrella insurance can reduce out-of-pocket costs you might incur due to general liability for an injury or damage. Let’s explore what this type of insurance covers and some limitations you may face as a business owner. Umbrella Insurance Provides Enhanced Coverage You likely have a liability insurance plan that provides protection against injuries and damage. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[16,13,19],"class_list":["post-61","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-aw-burchell-agency-inc","tag-new-york","tag-umbrella-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t