Excess Liability Insurance
In addition to making sure the company is growing, you must also plan for mistakes or accidents that could potentially devastate your business. The best way to deal with an unsatisfied customer and a potential lawsuit is through umbrella or excess liability insurance.
Umbrella or excess Liability insurance will cover your business from catastrophic issues that threaten its security. An excess liability insurance policy acts as an umbrella to your basic liability insurance. This type of coverage kicks in when a claim is made against you that exceeds the amount of your existing liability coverage. Umbrella liability insurance provides a safety net when your other business coverage has been exhausted.
Your basic insurance policies are essential for your business’s survival. They offer your company a blanket of security with so many risks and dangers working toward bringing you down. But unfortunately, these coverage options will only you cover you to a certain extent.
Give your business the coverage it needs with umbrella insurance from Downey Insurance Group. Contact us right now for more information or fill out the free, no obligation form to receive a fast quote.
We are proud to partner with MAPFRE Insurance, the #1 home and auto insurer in Massachusetts, named the ValChoice® #1 Best Value for Auto Insurance in Massachusetts!
As your trusted choice for Massachusetts insurance, we know that customizing a specific Massachusetts business insurance package, to fit your specific operating needs, is no easy feat.
With a variety of coverage options and state laws to abide by, you need someone with superior insurance knowledge and expertise to help you secure the most effective large or small business insurance plan for your Massachusetts, and New England coverage needs!
Generally speaking, the goal of doing business is to maximize profits, while continuing to lessen overall costs. This however requires making strategic plans that account for anticipated expenses as well as outline actions for accurately reinvesting the profits.
Keeping costs at an acceptable level involves securing comprehensive business insurance. At Downey Insurance Agency we have worked hard to build quite a name for ourselves and our superior business insurance strategies.
In our effort to best serve you, we have developed both large and small business insurance solutions that strategically balance your distinct needs, and operating requirements—while also helping to reduce the financial impact of unexpected losses like natural disasters, lawsuits, employee injuries, and more.
As a local New England business owner, how can you determine what you need out of your business insurance? Specific state regulations will determine basic coverage requirements; among the common policies are commercial insurance and workers compensation.
All in all, typical large or small business insurance packages can include a custom combination of these following coverage options:
- Business Owners Policies (BOP)
- Worker’s Compensation
- General Liability Insurance
- Errors & Omissions
- Commercial Auto
- Commercial Property
- Group Benefits
- Professional Liability
At Downey Insurance Agency, we understand the importance of having budget-friendly – yet complete – coverage in place, no matter how big or small your business enterprise may be. We take pride in the ability to identify the required state policies and suggest the most effective and affordable insurance solutions for your business venture.
Feel free to give us a call; we’d love to provide you with more information regarding commercial insurance, workers compensation and so much more! Contact Downey Insurance Agency right now to get a free coverage review and large or small business insurance quote— let us help you better protect your business venture today!
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