Excess Liability
You have a lot to lose, so don’t.
Unfortunately, lawsuits are becoming increasingly common in our society, and the risks to your financial security can be threatened if you don’t have the right insurance protection. That’s where excess liability insurance comes into play. Think of it as the umbrella policy that is too often overlooked but so easily affordable.
You could lose so much so quickly. So—what are your liability risk factors? Do you have:
- Long commutes to work?
- Teen drivers at home?
- Multiple residences?
- Swimming pool?
- Domestic employees?
- Watercraft?
- Social media accounts?
- Nonprofit board positions?
Don’t let your success be liable.
If an accident or event occurs, an excess liability policy can cover costs above and beyond what a typical homeowner, automobile or other personal insurance policy will pay. Without it, you could be dangerously unprotected and lose current assets and future earnings.
An excess liability policy through Parr Insurance Brokerage offers broad coverage and limits ranging from $1 million to $50 million and can cover*:
- Property damage and bodily injury
- Personal injury
- Defense costs
- Uninsured/Underinsured Motorists Protection
* Coverage terms & conditions subject to underwriting availability.
Case In Point:
While driving in the rain, a family’s 16-year-old son slid through a stop light. He hit a man in the crosswalk, but the man only sustained injuries to his hands and knee. However, the man was a surgeon, and his injuries prevented him from ever operating again. He sued the family for $10 million.