Umbrella insurance is a policy type that few people understand because those outside the business world rarely use it. However, your firm may fall within the umbrella insurance need, so make sure you contact us at AA Top Insurance LLC serving Naples, FL, to learn more. 

How to Tell If You Need Umbrella Insurance 

While the number of businesses that need umbrella insurance is relatively high, you may not necessarily qualify if your company just doesn’t need this type of protection. Just a few factors to weigh when you’re considering this coverage option include:

• High Risk of Liability – Does your business have a potentially high risk of severe liability claims? Then, you may need an umbrella insurance policy. 
• Inadequate Liability Coverage – If you have liability coverage but find that it doesn’t suit your needs, an umbrella policy may be a good choice for you. 
• High-Value Business Ownership – When your company is worth a lot of money, you may want an umbrella policy to cut back on your risk of profound loss in a lawsuit. 

Typically, companies like health firms, transportation companies, sports teams, various travel guides, and much more all need liability. However, if the health and safe of others are in your hands, umbrella policies may help keep you from suffering a devastating lawsuit if anything goes wrong.

Help Is Here for You 

Do you want to protect your business with high-quality umbrella insurance policies? Then, it is a good idea to reach out to us at AA Top Insurance LLC serving Naples, FL, to learn more. We’ll help you figure out what kind of policy makes sense for you and give you the help needed to thrive. And we can even set you up with an umbrella insurance policy based on your company.

When you own a business in Naples, FL, stress levels can be high. From day-to-day operations to managing risks, business ownership can be a daunting task. Fortunately, for some facets of your business, you can transfer the burden to a trusted partner. That said, when it comes to commercial insurance, you can trust AA Top Insurance LLC to handle the headache on your behalf as you concentrate on more pressing matters.

Types of commercial insurance and how they benefit your business

With many commercial insurance options in the market, it can be challenging to decide what is appropriate for your business. However, you can put this confusion to bed with the insights below on commercial insurance types and how they protect your business.

• Commercial auto insurance: It’s mandatory in most states and is required for vehicles used for business purposes. This insurance covers your business against liabilities, damage to the vehicle, and medical costs arising from auto accidents where your driver is at fault.
• Workers compensation insurance: It’s also required in most states and pays for medical expenses arising from work-related injuries. Furthermore, it protects businesses from lawsuits arising from workers who might sue you for injuries suffered in the workplace.
• Cyber liability insurance: With increased technology use, cybercriminals are ever-changing their tactics to exploit businesses. Thankfully, when you have cyber liability insurance in the pocket, your IT architecture is protected against data breaches and cyberattacks. 
• Business owner’s policy (BOP): Because many businesses are susceptible to liabilities and property damage, this coverage ensures that businesses are well-protected from property damage and liability losses, ensuring business continuity.
• Professional liability insurance: It covers legal costs of alleged professional negligence or missed deadlines. 
• Commercial umbrella insurance: While you may have business liability coverages, they may fall short when your business faces significant financial liabilities. That said, this coverage kicks in when your standard liability coverages run out.

Commercial insurance in Florida

Are you a business owner in Naples, FL, and the nearby areas? Please get commercial insurance from AA Top Insurance LLC. Here, we hold your business interests at heart. When you partner with us, we will evaluate and recommend commercial insurance options that make financial sense to you. Contact us today.