Tag Archives: Personal Umbrella Policy

Protect Your Business Assets with a Commercial Umbrella Policy

Protect Your Business Assets with a Commercial Umbrella Policy

You understand the importance of having a personal umbrella policy, but do you have an umbrella for your business? A commercial umbrella policy, also referred to as an excess policy, provides an added layer of protection in the event of a major loss. This is an important coverage for businesses of all sizes to have. You might […]

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Life is Better with an Umbrella

By Megan Cooney, Marketing Assistant Just like everything in life, insurance coverage has its limit. However, when you reach the limits of your homeowners ($500,000) and auto ($250,000-$500,000) policies, the aftermath can be extremely costly. An umbrella policy provides additional liability coverage that goes beyond the limits of your primary insurance policies. “The purpose of […]

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Are You Covered?

By Richard A. McGrath, CIC, LIA One benefit of insurance is the peace of mind that comes from knowing that you’re covered if something happens. But inadequate insurance provides a false sense of security.  Not all policies are alike and not all insurance carriers provide the same coverage; in fact, some policies may exclude common […]

Some Homeowners Have Liability Issues Resulting From Oil Spills

By Richard A. McGrath, CIC, LIA Some Massachusetts homeowners will soon find out how BP feels.  Under a new law that took effect on Sept. 30, 2010, they may be liable for hundreds of thousands of dollars in damages if their heating oil tanks leak. While insurance carriers are now required to provide coverage for […]

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