Running a home business can be incredibly rewarding but comes with unique risks. At Hyman Brown Insurance Agency Inc., we understand the importance of protecting your livelihood and assets in Commerce, GA, so we recommend an umbrella policy for your home-based business.
1. Increased Liability Coverage
A standard home insurance policy may not provide enough liability coverage for your home business. An umbrella policy offers additional protection beyond what’s included in your primary policies, ensuring that you’re adequately covered in case of a significant claim or lawsuit.
2. Protect Your Assets
If your home business is sued and the settlement exceeds your liability coverage, your personal assets could be at risk. With an umbrella policy, you can safeguard your home, savings, and other assets from being seized to cover the outstanding costs.
3. Cover Legal Expenses
Legal battles can be costly, even if you ultimately win the case. An umbrella policy can help cover legal fees, court costs, and other associated expenses, providing financial peace of mind during a challenging time.
4. Wide-Ranging Coverage
Umbrella policies often cover incidents that your standard home or business insurance policies may not cover. This can include libel, slander, false arrest, and more. This extra layer of protection ensures you’re prepared for various scenarios that could impact your home business.
5. Affordable Premiums
While adding another insurance policy might seem daunting, umbrella policies are typically quite affordable compared to their additional coverage. Investing in an umbrella policy in Commerce, GA can save you significant financial stress in the long run.
Ready to protect your home business with an umbrella policy? Contact the Hyman Brown Insurance Agency Inc. team for a personalized quote and expert guidance.