Does business umbrella insurance also protect my home?

If you live and do business in Astoria, OR, you might wonder if business umbrella insurance also protects your home. Business umbrella insurance typically covers liabilities related to your business activities, such as lawsuits from customers or employees. However, it can also provide additional protection for your home and personal assets if you have the right kind of policy. Linda Dugan Insurance explains business umbrella insurance covers and how it can protect your home.

What Does Business Umbrella Insurance Cover? 

Business umbrella insurance offers additional liability protection beyond the limits of other insurance policies, such as homeowners or auto insurance. It covers incidents that could potentially cause significant financial losses to your business or personal assets, such as lawsuits over negligence or contractual disputes. It also provides coverage for libel and slander claims, legal defense costs (including appeals), and judgments that exceed the limits of existing policies. 

Does It Protect My Home? 

Yes! Business umbrella insurance can provide additional protection for your home if used for business purposes. For example, if you work from home or operate a small business out of an office in your house, this business umbrella insurance policy will cover any liabilities related to those activities—as long as they are within the scope of the policy’s limits and exclusions.

Business umbrella insurance can provide an extra layer of protection for both businesses and homes in Astoria, OR. While it does not replace existing policies like homeowners or auto insurance, it offers additional coverage for certain types of liabilities related to a person’s work activities at home. Contact Linda Dugan Insurance today for more information and details about how business umbrella insurance might be right for you!