Okay, now that all the holiday décor is unpacked and in full force, it may be time to remind condominium dwellers to take a step back and make sure that their decorations are compliant with any holiday décor policies their condo or coop may have.
Commercial Umbrella – A Vital Coverage Your Insured Must Have
A commercial umbrella insurance policy can give your clients additional liability coverage over the primary liability policies in place for their business. Generally, those policies may be their general liability policy, employer’s liability and automobile liability.
Can’t think of how to approach selling this coverage to your clients? Try providing actual claim scenarios relevant to your insured’s business or exposures. For example, for property owners, a severe slip and fall or drowning incident could result in a devastating umbrella claim.
Once you’ve developed the necessity for a commercial umbrella, you then must decide how much coverage they need. Several factors come into play when determining the appropriate excess liability coverage. These factors include the type of business they own, the coverages they already have in place, as well as the assets of the business.
While standard coverages will generally take care of most situations their business will encounter, most sophisticated agents at least offer umbrella coverage to their insureds annually. New Empire Group’s Real Estate Umbrella program has limit options of $1 million, $5 million, $10 million, $15 million, $25 million, $50 million, $75 million and $100 million for Community Associations, Apartments and Commercial Lessor’s Risk Only. Through our program, the above mentioned parties have access to these high limit options at very affordable premiums not available in the standard market. Coverage is provided through the nation’s top carriers on an admitted basis in all states.
Talk to any of our knowledgeable associates about our commercial umbrella program, it could be the key to preserving your client’s company in the event of a serious claim.
Thanksgiving, celebrated on the fourth Thursday of November, is a wonderful time of the year. (Christmas may try and say otherwise.) It doesn’t get better than expressing gratitude and appreciation for all we have in our lives, getting together with friends and family, and stuffing ourselves with good food and drinks.