What is Umbrella Insurance?
Umbrella Insurance sits on top of other underlying insurance coverage (Hence Umbrella) to provide your business increased coverage to protect the financial interests of your company. Umbrella Insurance may also be purchased to enhance personal insurance coverage such as car, home, watercraft, motorcycles, etc.
Unfortunately the society in which we live is litigious and your underlying Business Liability Insurance may not provide sufficient protection for your organization.
Example 1: The public is invited to attend a pep rally held at your Private School and a fight breaks out leading to a shooting whereas 3 individuals are shot and 1 person killed. A number of lawsuits are filed against the school’s alleging poor security that led to the shooting.
The General Liability Insurance for the School only maintains a $2 Million limit and the likelihood of exceeded this amount is very high.
Fortunately the school board approved a $50 Million Umbrella last year that provides a greater level of protection for the school.
Example 2: A volunteer driver working for a local Church falls asleep driving congregation members home resulting in 1 death and 3 serious injuries. The $1,000,000 Commercial Auto Insurance limit on their policy would not be sufficient in this example to cover the injuries and provide compensation to the surviving family members.
If the Church purchased Umbrella Insurance their Commercial Auto Insurance policy would pay $1,000,000 first and the Umbrella Policy would pay the remaining up to its limit or negotiated settlement.
Why Should Your Organization Purchase Umbrella Insurance?
You may need the protection it extends. Umbrella Insurance Policies protect you from liability issues that go beyond the liability limits of standard insurance policies.
Why not contact us today?
Specialized Coverage For:
- Religious Institutions
Insurance for Churches and Religious Institutions
Strong Tower Insurance proudly offers solutions for Florida Church Insurance and Insurance for Religious Institutions. Call 800-329-0093 or click for more details.Find Out More ►
- Mission Trip Coverage
Insurance Coverage for Mission Trips
Taking part in a mission trip is a generous and noble act. You are reaching out to people in need with the intention of improving a stranger’s life. Learn how mission trip insurance policies can protect you. Visit our page to learn more.Find Out More ►
- Charter & Private Schools
Insurance for Charter and Private Schools
Taking a one-size-fits-all approach is not necessarily a good idea when it comes to considering all possible areas where Private Schools may be vulnerable to litigation or claims. Click here to see how we can help.Find Out More ►
- Pregnancy Centers
Insurance for Pregnancy Centers
As a pregnancy center, it is your job to help women receive the care and guidance they need in order to have a healthy birth plan. Learn why your pregnancy center must have the appropriate insurance coverage to protect your organiazationFind Out More ►
- Nonprofit Organizations
Insurance for Nonprofit Organizations
Nonprofit organizations help our communities prosper and it is vital to obtain the appropriate insurance protection. Learn more by clicking our link.Find Out More ►
- Daycare Centers
Insurance for Daycare Centers
Not all Day Care insurance policies are created equal. Call to speak with one of our licensed agents and we can design a plan around your needs.Find Out More ►