When we talk about umbrella insurance in Marietta, GA, we’re generally talking about million-dollar policies or bigger. For many small business owners, that may seem a bit excessive. Your business might not even be your fulltime job just yet, so some entrepreneurs may wonder why they would want to insure for seven figures a business valued at four or five.
What many of these small business owners fail to recognize, however, is that you’re not just insuring your business, but all of your personal assets, against liability concerns. Liability is where the real risk lies.
If your business burns down, you might be able to replace it from your own personal savings. But liability can easily hit six, seven figures from a single incident. For many small business owners, this is more money than we’re going to be able to cover ourselves anytime soon. Maybe you can replace your equipment, your inventory, but covering a lawsuit may be more than most businesses can handle.
So you have a couple of options: You can either buy excess liability on every policy you carry, or you can buy umbrella insurance to give some additional protection to all of your policies in one go. Umbrella insurance offers protection not only for your business but for your home, auto, boat, and so on. Essentially: If you have a liability policy, umbrella insurance will extend it.
If you are looking to get covered in Marietta, GA, or if you have any questions, don’t hesitate to get in touch with us at LG Insurance Group. You can visit the LG Insurance Group website, visit us at our offices in person, or call us on the phone to see what we can do for you, your business, your home, and your family. Liability costs can quickly spiral out of control, and you want to make sure that you’re covered, come what may.