Running a business requires more than the ability to sell services and/or products to consumers. Understanding the importance of liability coverage, property protection, and financial safeguards is key to running a successful business. At Cross Creek Insurance, serving Hope Mills, NC, we specialize in helping clients find the right commercial and umbrella insurance plans for their ventures.

What Is Commercial Umbrella Insurance?

Commercial umbrella insurance provides an additional layer of liability protection for any type of business, regardless of its size. Umbrella insurance coverage extends beyond the limits of traditional business policies. When a major accident, lawsuit, or claim exceeds your primary policy’s limits, an umbrella policy can help cover the additional costs.

Why Businesses in Hope Mills Can Benefit From Umbrella Insurance

Umbrella insurance can be paired with traditional commercial insurance policies. Business owners face lawsuits, customer injuries, and even auto accidents involving commercial vehicles. An umbrella policy can help cover:

• Large lawsuits that are much more expensive than what your traditional commercial policy allows for
• Large bodily injury claims
• Legal defense fees when facing a lawsuit
• Excess property damage liability, especially if you have a retail store, office space, or warehouse
• Multiparty or multivehicle accidents involving commercial vehicles you use to run your business

Understanding how umbrella insurance works and its benefits is essential as a business owner in Hope Mills, NC. If you’re thinking of adding an umbrella insurance policy to your existing liability coverage, Cross Creek Insurance is here to help. To discover how umbrella insurance paired with commercial insurance can help add a layer of protection to your investment while providing you with peace of mind, contact us.