Business Insurance

When someone is hurt or something goes wrong, people will look to "deep pockets" for restitution.  The misconception that a business owner has those deep pockets is very real and all too often one misstep by a business will put the owner and anyone associated in financial ruin. It does not take much to cause a business to close and the reality of six-figure or even million dollar lawsuits is quite real.  Having the appropriate insurance in place to help mitigate your risk and rebuild in the event a catastrophic loss occurs is crucial. In the majority of situations a properly written underlying liability policy is adequate to shield you from financial ruin.  However, a great way to increase your coverage limits for relatively low premium is to look at a commercial umbrella or excess policy.

A commercial umbrella policy extends the limit of liability on your primary policy(ies) in the event a catastrophic loss occurs and those limits are exhausted. Compounding the cost of medical expenses, legal fees, living expenses, and other costs associated with settling a claim, underlying limits can be exhausted quickly. 

The limit needed for your business will depend on a number of items specific to you and your operation. Contact Foundation Insurance Services today for more information.

 For questions or additional information give us a call. (480) 999 -2088