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New York Commercial Umbrella Insurance: Will you make this common mistake?
For most situations, New York Liability Insurance coverage will be enough.
For certain situations, however, you will need NY Commercial Umbrella Insurance.
Check your policy limits and assess how your company would adjust financially were you liable for the remaining balance. The common example entails being sued for an alleged liability claim, resulting in a $5 million verdict.
Once your Business Liability and it’s $1 million coverage limit is exhausted, your company will be responsible for the remaining $4 million – unless, of course, you have viable Commercial Umbrella Insurance in place.
At Metropolitan Risk, we can design a Commercial Umbrella policy in NY to cover any financial limit you feel is necessary – and any liability contingencies you are compelled to address.
Contact Metropolitan Risk now.
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