Umbrella Insurance

The Nature of Umbrella Insurance

Umbrella insurance policies work pretty close to the same in every state, including Michigan. They are designed to extend your liability policy and serve as a safety buffer for when your plan runs out. Typically, this type of policy is necessary to protect against massive lawsuits that could quickly overtake a company's standard liability policies.

So if somebody sues you for more money than your policy can cover, umbrella policies come into play. For example, if you sell cars and one experiences a dangerous breakdown, you may get sued for tens of thousands of dollars. And with an umbrella policy, you can cover what your liability policy will not. In this way, it can protect you from a substantial financial loss that may otherwise put you out of business.

Those Who Benefit From This Coverage

Michigan businesses that need umbrella policies vary depending on many different factors. For example, landowners and those who rent out houses or apartments should get an umbrella policy to enhance their liability coverage. However, coaches, nonprofit owners, volunteers, businesses that offer potentially dangerous services, and more all need this type of high-quality coverage.

So if you own a business in Williamston, MI or want to enhance your home's liability coverage, please contact us at CG Insurance Agency immediately to get the help you need. Our policy experts will talk to you about the coverage options available and will work hard to ensure that you are satisfied with your purchase. Our professionals have years of experience with this policy option, so don't hesitate to call now.