3 Reasons Why More Texas Businesses are Opting for Umbrella Insurance

Commercial insurance policies are a must-have for Texas businesses, and now many firms are updating their portfolios to include an Umbrella Insurance policy in addition to Property Insurance. If you are a business owner in the greater Highland Village, TX area and would like to find out how umbrella insurance can play an important role in your overall insurance portfolio, contact the team at Thompson Insurance Services today. We are proud to serve the business needs of our community and look forward to working with you.

3 Reasons Why More Texas Businesses are Opting for Umbrella Insurance

• Inventory Coverage – if you carry a lot of inventory, you may exceed the policy maximum if an event occurs during your busy season. Be sure to calculate your coverage needs to include inventory protection when it is at the highest level. Don’t make the mistake of calculating coverage needs based on low inventory levels.
• Liability Protection – no one wants to get sued or have liability problems that cause the bottom line to take a huge hit. Be sure that you understand your coverage options in your primary policy, and consider umbrella insurance if they are not sufficient.
• Increased Policy Level – umbrella insurance provides additional insurance and can help to fill any gaps within your primary policy. Whether your needs for coverage of physical assets are higher than policy maximums, or you are looking for comprehensive coverage that includes liability protection, it’s time to look at umbrella insurance options.

Having the right level and type of insurance can make the difference between catastrophe or manageability in the event of a covered incident. Call the team at Thompson Insurance Services today and set up an appointment at our Highland Village, TX office.