Owning a retail business comes with some risks that could result in legal proceedings. If you are a business owner, learn how umbrella insurance could protect your interests. <\/p>\n
An incident on your premises could damage a customer’s personal property. For example, say an auto accident happens on your property. You could be left responsible for high repair costs.<\/p>\n
Your liability coverage may not provide sufficient protection. An umbrella insurance policy can help when the liability limits on your standard commercial insurance are maxed out.<\/p>\n
A faulty product or damaged materials within your retail business could cause a consumer to become injured when they visit your establishment. And they may decide to file a lawsuit against you.<\/p>\n
Your liability coverage may not be enough to handle the legal expenses, medical expenses, and additional expenses that you face as a result. An umbrella insurance policy will provide additional liability protection that you can count on while you are going through a legal battle.<\/p>\n
This type of coverage will enable you to effectively represent yourself in a court of law.<\/p>\n
Review your business plan. Determine how many liability incidents you have encountered in the past. Think about the risk factors that could contribute to being involved in a legal situation in the future. Decide if having access to an umbrella insurance policy would benefit you as an owner of a commercial retail establishment.<\/p>\n
You may have some questions or concerns about umbrella insurance. If so, set up a time to speak to one of our independent agents at Asheville Insurance Center, representing the Asheville, NC, area.<\/p>\n","protected":false},"excerpt":{"rendered":"
Owning a retail business comes with some risks that could result in legal proceedings. If you are a business owner, learn how umbrella insurance could protect your interests. Damage to Another Party’s Personal Property An incident on your premises could damage a customer’s personal property. For example, say an auto accident happens on your property. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[29,13,28,30,32],"class_list":["post-160","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-asheville","tag-asheville-insurance-center","tag-insurance","tag-nc","tag-umbrella"],"_links":{"self":[{"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/posts\/160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/comments?post=160"}],"version-history":[{"count":1,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/posts\/160\/revisions"}],"predecessor-version":[{"id":161,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/posts\/160\/revisions\/161"}],"wp:attachment":[{"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/media?parent=160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/categories?post=160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ashevilleinsurancecenter.com\/blog\/wp-json\/wp\/v2\/tags?post=160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}