Every business needs financial protection from unavoidable risks. In some situations, the most expensive risks come from claims made against you or your business. One way to protect yourself and your business from these costly losses is to invest in umbrella insurance.

At Idaho Select Insurance, we can help you get the umbrella insurance in Meridian, ID, you need. Contact us now for a consultation to go over your options.

When Do You Need Umbrella Insurance?

Umbrella insurance is an added level of liability coverage that protects you beyond what your basic general liability insurance provides. In some situations, you may benefit from this type of coverage, including the following:

• You operate a high-risk business. That includes construction or manufacturing businesses, retail, or hospitality. These industries carry a much higher risk of accidents or lawsuits.
• You have contractual obligations. This may include having clients or vendors, or significant lease agreements that require you to maintain a higher level of liability insurance.
• Your business has a high risk of employee injuries. Some claims may exceed what workers’ compensation offers, and that may mean that you need additional coverage to minimize claims against your company.
• You operate events with heightened risks. If you engage in events that involve significant public interaction, it may be beneficial to invest in a higher level of protection.
• You operate vehicles on the roadways. Larger trucks and vehicles can cause more damage and may take the lives of others.

If you are not sure if you need this type of added protection, ask your insurance agent about claims other businesses have filed in your own industry.

At Idaho Select Insurance, our team will help you make the best decisions about umbrella insurance in Meridian, ID, based on your unique needs. Contact us now to learn more.