Experienced business professionals understand that the litigious nature of our society combined with liability judgments are reason enough to purchase umbrella coverage.
That’s why Shinberg Insurance offers umbrella and excess liability coverage to supplement existing business insurance. Umbrella and excess policies can be used to protect against claims that exceed the value of more specific policies.
Designed for the worst-case scenario and claims of catastrophic loss, this coverage kicks in when other policies leave a balance of damages.
Policies follow form, meaning they abide by similar provisions and cover similar losses as the underlying policy.
Policies either cover all individuals or cover parties that gain insured status within the contract. Policies also protect an organization’s executive officers, regular employees, directors, and stockholders acting on behalf of the organization.