As a small business owner, you might view umbrella insurance as an unnecessary expense. However, it can significantly improve your business’s success.

1. Protect Your Assets

For many small business owners, their family assets and business assets are often intertwined. If liable in court, this policy will cover your financial expenses, safeguarding your personal and business assets. With the security of your assets, you can continue running your business and plan for expansion based on your readiness.

2. Expand Your Coverage Limits

As a small business owner, you might feel restricted regarding the type of coverage you can have and whether it should match your revenue. As your business expands, having higher coverage limits becomes vital, allowing you to make necessary expansions without hesitation. With an umbrella insurance policy, your business can continue growing and thriving, even when faced with potential liabilities in court.

3. Maintain Good Employees

Maintaining a strong, competent team is key to success as a small business owner. The best way to retain quality employees is by having an insurance policy to protect them if they are held liable in court. Employees who feel that their business owners are not looking out for their best interests might seek employment elsewhere.

If you’re in the Mapleton, UT, area and are considering supplementing your commercial insurance with umbrella insurance coverage, contact our team at Maple Mountain Insurance Services today for a personalized quote and to secure the coverage you need.

The risk of liabilities is all around. That is why the folks at Maple Mountain Insurance Services are here to help the residents of Mapleton, UT, and the surrounding areas make intelligent insurance decisions. Your insurance choices will play a big part in how liabilities affect you. Keep reading to learn a few tips on protecting yourself from unexpected liabilities. 

Make Smart Choices 

One way to protect yourself from unexpected liabilities is to make intelligent choices. When you are responsible for a property, boat, vehicle, recreational vehicle, or service, you need to take those responsibilities seriously. Every decision you make can affect the level at which you risk liability. If you take your responsibilities seriously and take the precautions you should to keep people safe, your chances of facing liabilities will decrease. 

Be Careful Who You Trust 

Sometimes a person winds up in a liability situation because they trusted the wrong person. It would be best if you were careful who you trust, especially concerning assets, property, equipment, or your business. But by carefully selecting who you will trust and who you will not trust, you can decrease your chances of liability expenses. 

Purchase Umbrella Insurance 

Another great way to decrease your chances of liability expenses is to invest in umbrella insurance. This type of insurance coverage can kick in and help pay for expenses if another insurance policy has been exhausted. This is a smart move for people who own a business, participate in hazardous hobbies, or are employed in a high-risk occupation. 

If you would like to learn more about umbrella insurance, please get in touch with us at Maple Mountain Insurance Services, serving Mapleton, UT, and the surrounding areas. We will be happy to help.

When it comes to misunderstood insurance, nothing compares to umbrella insurance. The only people who understand it are those that already have it and insurance agents. At Maple Mountain Insurance Services in Mapleton, UT, our team of insurance professionals has years of insurance experience that they love sharing. As independent agents, we can provide more choices and the best rates. 

What exactly is umbrella insurance? It is not a stand-alone insurance policy. It is the type of policy that is added to one that you already have. The policy you already have must have a liability component since umbrella insurance is an excess liability. That means, in simple terms, that your policy, whether home or auto insurance, will pay for a liability claim against you up to the limit on your policy. At that point, the umbrella insurance kicks in. The beauty of an umbrella policy is that you only need one to cover all the other policies with liability coverage. 

Most basic liability on your policies may not be very high. If you have assets you need to protect, you don’t need to be wealthy to benefit from umbrella insurance. With the size of judgments these days and the cost of legal expenses, it doesn’t take much to go past the coverage you likely have. If you have worked hard to earn what you have, umbrella insurance, which is quite affordable, is the perfect way to safeguard your savings and possessions. 

Contact Maple Mountain Insurance Services in Mapleton, UT with any questions about umbrella insurance. It is the type of insurance that anyone who owns anything can benefit from. You can reach us on the phone or stop in at our office. 

Maple Mountain Insurance Services provides coverage to the Mapleton, UT community. We look at our clients like family, so we are committed to helping them find the coverage they need to protect what matters most. We offer custom policies designed to address each of our client’s unique situations. We are confident that we can help you find the right policy.

Why Umbrella Insurance Is Necessary If You Are Planning A Social Gathering

Accidents and emergencies can occur when you least expect them. While liability insurance is effective in most of those situations, there are times when an extra layer of protection is necessary. If you are involved in a serious liability dispute, you could lose everything. Umbrella insurance can help you protect your assets and avoid disaster. Generally, it is added to supplement your home and auto insurance policies.

If you enjoy having guests over to your Mapleton, UT home, umbrella insurance is a valuable asset. While social gatherings are fun, they are also relatively risky because the potential consequences may leave you open to a liability dispute. Perhaps one of your guests is accidentally injured. Maybe they slip and fall, spraining their ankle. Perhaps the refreshments at your social gathering cause one of your guests to have an allergic reaction. If you are serving alcohol at a social gathering, it’s not uncommon for someone to drink too much and cause damage or possibly injure themselves. In more severe cases, consuming too much alcohol could lead to an auto accident. These are situations that you have to think about. You will be held liable if something goes wrong. However, umbrella insurance adds another layer of protection while you deal with the aftermath.

Maple Mountain Insurance Services Will Help You Protect Your Assets

Visit our website to learn more information about umbrella insurance.

People that live in the Mapleton, UT area will end up having a lot of important insurance decisions to make. One decision that you will have to make is whether or not you should get umbrella insurance, which is a personal liability insurance plan. There are several situations when someone will need to get umbrella coverage to take advantage of the protection it provides. 

Anyone that Wants Coverage for Unexpected Situations

The first situation when someone will need to have umbrella insurance is when they want to have coverage for unexpected situations. There are always going to be risks that you could cause some form of accident or be liable for the losses of another person. While some of these can be insured against with auto and home policies, predicting everything that can happen is impossible. Due to this, getting umbrella insurance is a good idea as it can give you coverage for situations that seem unpredictable.

When Wanting More Coverage

Another situation when someone will need umbrella insurance is when they want more coverage. Your home and auto policies will each come with policy limits. If you are at fault for an accident that goes above these limits, you will need to come out of pocket to pay for damages if you do not have additional coverage. Your umbrella insurance can give you the coverage you need if you do exhaust your base policy coverage.

Anyone that is looking for an umbrella insurance policy in the Mapleton, UT area should consider calling Maple Mountain Insurance Services to discuss their needs. Picking umbrella coverage is complicated and requires a lot of thought and consideration. The team at Maple Mountain Insurance Services can make this easier for you as they will help you to pick and choose a quality policy. 

In Mapleton, UT, business owners who offer company cars to their employees must also carry liability coverage on their fleet of vehicles. The agents at Maple Mountain Insurance Services are available to assist local companies in getting the coverage they need to protect their business if an accident occurs. An umbrella policy will go above and beyond monetary limits that a liability policy may have in place.

Liability Insurance

Liability insurance is designed to cover the cost of replacing another person’s vehicle or property in the event of an accident. Liability coverage must also be in place to cover the other person’s medical bills if they are injured during the accident. Many liability policies have coverage limits of $100,000 or less. In some cases, this may not be adequate to compensate the injured party fully.

Exceeding the Limits of Your Basic Policy

When your actual liability exceeds the limits of your basic policy, an umbrella policy will cover the additional cost. Umbrella policies are designed to protect your business from the financial cost of a devastating accident. By including the extra expense, it prevents you from taking money away from costs to maintain the business and its day to day operations.

If you have questions concerning umbrella insurance and whether it would benefit you to supplement your existing coverage, call the agents of Maple Mountain Insurance Services. We serve businesses throughout the Mapleton, UT area, and can provide you with the answers you are looking for. Don’t wait to make your appointment! Talk to an agent today to make sure your business is fully protected from financial loss.