What is umbrella commercial insurance Houston, TX?
Umbrella commercial insurance is insurance that covers gaps in your original insurance policy. For example, let’s say a business is sued for $2 million because of an accident that hurt a lot of people, but their general liability insurance only covers $1 million. In this case, the company would have to pay an extra $1 million if it didn’t have flood insurance.
However, with umbrella commercial insurance, the company can increase its coverage to cover the higher liability cost. This protects the company’s finances from possible legal responsibilities. Umbrella commercial insurance is basically an extra safety net that protects businesses from big claims and cases that could put them out of business.
While not everyone necessarily needs this extra coverage, many business owners find that it brings extra peace of mind, especially if what they are covering is particularly risky. Oil and gas businesses are particularly risky and can often see lawsuits costing in the millions. People typically do not have millions of dollars lying around to simply just give away. Therefore, a commercial umbrella policy will give them that extra cushion.
How Do You Get Umbrella Commercial Insurance Houston, TX?
If you are considering getting an umbrella policy, Texas Insurance Agency can help you. Many insurance companies offer umbrella insurance. However, what we can do is find the right policy that fits your exact needs. We work with dozens of other insurance companies to bring our clients the policies that work best for them. Our job is to research policies that fit your business and help you maximize it.
We at Texas Insurance Agency want to help business owners protect the things they’ve worked hard to get. The risks that come with having a business are well known to us, and we work hard to make your insurance coverage easy and stress-free.
We know that “one size fits all” doesn’t work when it comes to umbrella plans. Because every business is different and has different needs, we work closely with our customers to make sure that the umbrella commercial insurance policy they choose fits their needs and their budget.
Our team of skilled and experienced agents takes the time to learn about how your business works, what risks it faces, and what liabilities it has. Then, we compare all of your options from several insurance companies. We will make sure that we not only find an umbrella insurance that gives your business extra protection but also one that gives you the most for your money.
We also have strong partnerships with many top insurance companies, which lets us offer a lot of different coverage choices. We can find an umbrella policy that will work perfectly for your business, no matter how big or small it is. This will give you extra protection when your main commercial insurance plans have run out.
We are proud of our commitment to great customer service at Texas Insurance Agency. Our agents are always available to talk about your insurance needs, answer your questions, and walk you through the process of getting a full umbrella business insurance policy.
Please get in touch with us right away, and we’ll help you make a plan to keep your business safe from big claims and cases that could hurt your finances. Texas Insurance Agency can help you protect the future of your business.
The Cost-effectiveness of Umbrella Commercial Insurance
It is very important for your business to have enough insurance to protect it from possible financial losses. Still, it can be hard to find an insurance plan that covers a lot of things without costing a fortune. This is where the low cost of covering business insurance comes in.
When your main business liability insurance covers everything, umbrella commercial insurance, which is also called excess liability insurance, adds an extra layer of safety. When the cost of a lawsuit or an accident is more than what your basic business insurance covers, the umbrella coverage steps in.
When figuring out if getting umbrella commercial insurance is worth the money, think about the worst-case situations. Suits and claims can cost millions of dollars, which could destroy a business that was doing well. The good thing about umbrella insurance is that it covers big losses with a high cap for a fairly low premium.
It’s kind of like a safety net; it makes sure that your business is covered for all kinds of possible liability risks, like damage to property, hurt to people, and legal fees and court costs. Even though the extra cost might not seem necessary when things are going well, it’s an investment that could save you a lot of money if you have to pay a big claim.
Working with an experienced insurance agency, such as Texas Insurance Agency, can speed up the process and save you money while you look for the right umbrella cover. At Texas Insurance Agency, we know that businesses have a lot of different needs, and we work hard to find insurance options that meet those needs while also saving you money.
Being able to run your business without worrying about your insurance can be helped by having backup commercial insurance. For any business, the small cost of an insurance policy is well worth the protection it offers in case of big claims.
In conclusion, umbrella commercial insurance is still one of the best ways for businesses of all kinds to transfer risk because it covers a lot of things and doesn’t cost much.
Give Us a Call Today
If you want to know if an umbrella policy is right for you, give us a call today. Our agency is one of the best in the greater Houston area, and our agents have over forty years of collective experience. Our team knows how important it is to protect your business. We work hard to find the right policy that gives you the most benefits. We only work with trustworthy insurance companies. Therefore, when it is time to file a claim, you can count on them to fulfill their contractual obligation.
Fun Facts for Houston, TX
- Houstonians, more than any other American city, go out to restaurants multiple times every week.
- Houston gets 49 inches of rain a year, which is more than Seattle.
- This is why Houston has so many waterways and bayous.