Building a business startup is a great way to explore a wide range of industries, from tech and medical supplies to retail and office work. Regardless of what you’re focused on with your business startup in or near Evergreen, CO, obtaining and maintaining the right insurance policies matters. At Davidson Insurance Agency, we assist clients with determining if umbrella insurance is best for them based on the line of work they are in, their current financial situation, and operational needs.
Provides Additional Liability Protection
One of the most appealing aspects of umbrella insurance is that it provides extra liability protection that go beyond standard policies. Umbrella insurance can add $1 million to more than $5 million in added protections to existing policies (that may exceed standard coverage limits). Startups working with vendors, in the public, or even with subcontractors can benefit from additional umbrella coverage.
Protect Assets and Investments as You Grow
Even if you’ve launched a startup from the ground up, protecting your assets and investments is much easier to do with reliable insurance policies in place. Umbrella insurance can help cover legal costs while adding a layer of protection from potential fines and fees you may face along the way.
High-Risk Operations
If you work with contractors, customer data, or even with other local businesses, an umbrella policy may be necessary. Property damage, risks of slip and falls, and accidents may occur, which is why the right policy makes all the difference.
Knowing if umbrella insurance is right for your business startup can provide peace of mind and a sense of security. If you’re in need of an extra layer of protection, umbrella insurance may be a route you’ll want to consider. If you’re located in or near Evergreen, CO, and you’re on track with launching a new startup, contact us at Davidson Insurance Agency to see how we can help you find an insurance policy and package that is just right for you.
