As your business grows, the type and amount of insurance you need will evolve. This is a positive development, provided you select coverage that minimizes your risk. One type of insurance policy you may need to consider is umbrella insurance, which helps reduce significant liability risks.
If you’re thinking about umbrella insurance in Kansas, Marla Williams Agency can assist you.
The Benefits of Umbrella Insurance for a Small Business
Small businesses often face many of the same risks as large companies but lack the financial resources to absorb them. Umbrella insurance offers several key benefits:
- Extensive liability coverage: As your business grows or you take on new customers, it becomes necessary to extend your liability insurance. The more customers you serve, the higher the risk of claims being made against you.
- Lawsuit protection: Mistakes can happen for various reasons, whether an employee makes an incorrect statement or someone suffers an injury on your property. Lawsuits can be less damaging and far less expensive when you have legal resources available. Umbrella insurance often provides legal guidance in these situations.
- Asset protection: Umbrella insurance offers additional protection for your assets, especially if they could be targeted in claims made against your business.
The clearest sign that you need umbrella insurance is business growth. This is particularly true if your personal assets are at risk from business-related liabilities.
Let Our Team Guide You
At Marla Williams Agency, we can help you determine if umbrella insurance in Kansas is the right choice for your needs. Contact our team to discuss your small business requirements, and let us recommend coverage that protects you and supports your company’s growth.
