If you operate a high-risk business in or near Muskogee, OK, you may benefit from higher liability levels in your commercial insurance policy. Sufficient coverage for accidents and other risks can make the difference between keeping your business and closing it. Determining what you need can be difficult, but D & E Insurance Agency professionals are here to help.
High-Risk Industries That Need More Liability Coverage
Excess liability coverage can benefit industries with inherently high risks. Whether you face risks from injuries to employees or visitors, property damage, risks from advertising or public relations, or other hazards, carrying additional liability insurance is essential for some companies.
If you do business in one of these industries, consider getting excess liability coverage:
- Construction
- Manufacturing
- Waste management
- Healthcare
- Hospitality
The Differences Between Excess Liability and Umbrella Insurance
Some people may think these two terms are synonymous, but they are not the same. Excess liability extends the limits of an underlying policy you may have as part of your business owner’s insurance. This straightforward provision provides additional coverage without changing the underlying liability provisions. Excess liability insurance benefits construction and contracting businesses, medical professionals, transportation companies, and manufacturing operations.
Umbrella insurance also gives your business higher liability limits and may give you coverage for additional claims. You’ll also get legal protection if someone decides to sue you. In other words, you’ll get coverage for legal fees if you need to defend yourself in court against accusations. Excess liability coverage only gives you higher payout limits and doesn’t consider court fees.
Let the professionals at D & E Insurance Agency, serving Muskogee, OK, help you determine how much liability insurance your company needs. Contact us today to get started on your policy.
