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T.D. McNeil Insurance Services

110 Blue Ravine Rd, Suite 105,
Folsom, CA 95630

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Umbrella Insurance for Surprise Business Liability

At T.D. McNeil Insurance Services, we remind our customers in Folsom, CA that insurance is for surprises, as well as for covering the routine risks and responsibilities that life brings. That’s especially important for our business customers, who often have significant assets, either personal or as part of a legal entity like a corporation, that may be at risk in a liability situation.

Coverage for Surprise Liability Your Business Encounters

Umbrella insurance helps cover surprise liability situations for businesses as well as individuals, going beyond the basic limits of commercial or vehicle liability coverage. It also helps organize a response to surprise liability situations when you’re still dealing with the feeling that this situation shouldn’t be happening. Someone might have what seems like an unreasonable expectation of compensation for a situation or simply be trying to leverage that situation for gain.

Sometimes, they may be trying to shift the blame, to protect themselves, and to make it official to put you on the hook for damages. However, if you see a situation that caught you off guard, with umbrella insurance, you can recover from the shock and get started on handling it.

Making Wise Business Choices for Success

At T.D. McNeil Insurance Services, we stand behind our business clients with insurance that backs them up in Folsom, CA when they experience unexpected liability situations. These days, it’s hard to know when you’ll be on the spot, and it’s good to know you’re not alone when facing a problem you didn’t expect in your line of business.

Your umbrella insurance policy is an excellent way to respond to our uncertain world confidently and wisely. You’re saying, whatever comes my way, I’ll handle it and keep on track. Come and talk with us, and our insurance professionals can help.

Who needs umbrella insurance?

Umbrella insurance from T.D. McNeil Insurance Services is a type of insurance policy that provides additional liability coverage beyond the limits of your existing policies. It’s designed to protect you from unexpected events here in the Folsom, CA area that could put you at risk for a lawsuit or costly judgment. 

Who needs umbrella insurance?

The answer is simple – anyone who has assets they want to protect should consider adding umbrella coverage. This includes homeowners, business owners, professionals, and anyone liable for a claim over $1 million dollars. Umbrella insurance can help you cover the costs associated with litigation, settlements, and legal fees in the event of an accident or injury caused by you or someone in your household.

Umbrella coverage also covers claims that may not be covered by your existing policies, such as libel, slander, or false arrest. So even if you don’t consider yourself “high-risk” when it comes to liability claims, adding umbrella insurance can provide much-needed protection for your assets and peace of mind in the event of an unfortunate incident.

Umbrella policies are usually purchased in increments of $1 million and can range anywhere from $100 to a few thousand dollars per year, depending on your risk profile. Before purchasing an umbrella policy, thoroughly review the coverage offered by your existing insurance policies and make sure all gaps in coverage are filled. 

Reach Out To Us

For more information on umbrella insurance, give us at T.D. McNeil Insurance Services a call today. We are proud to serve the Folsom, CA area and would be happy to help you find a policy that meets your needs and your budget. So don’t wait! Give us a call today.

What is the benefit of having an umbrella insurance in California?

Liability risk is something that should be taken seriously by all people in the Folsom, CA area. If you are living in this part of California, a good way to help reduce your personal liability risks is by investing in an umbrella insurance plan.

There are various benefits that come with having umbrella insurance when you live in this area:

Cover Against Significant Claims

The majority of potential liability risks that people face would be covered by a home or auto plan. While you will have liability coverage under these policies, there is a limit to how much coverage is received during a policy term. If you are liable for damages that exceed these policies, your umbrella policy will be helpful as it will give additional coverage on top of your other insurance. 

Prepare for the Unexpected

Many people will find that having an umbrella insurance plan is also a good idea as it will help you to prepare for the unexpected. There are always risks that people face that are difficult to predict and prepare for. A great way to ensure that you are prepared for these risks is by getting an umbrella insurance plan. This coverage offers a broad level of personal liability coverage that can prove to be helpful. 

Give Us A Call

For those that are living in the Folsom, CA area, having a way to offset personal liability risks is quite important and getting umbrella coverage is a great way to do it. When you are shopping for a new plan, the team with T.D. McNeil Insurance Services can help. T.D. McNeil Insurance Services gives guidance when selecting between different plans and can help you choose a policy that will provide adequate coverage and offer peace of mind. 

What Is Umbrella Insurance?

If you have both home and auto insurance policies, there are many different types of coverage included in each of these policies. One of those is coverage for liability. However, you may not have much liability coverage in these policies, and umbrella insurance can change that. If you want to find out more about umbrella insurance, give us a call today at T.D. McNeil Insurance Services in Folsom, CA.

Home and Auto Insurance

If you already have home and auto insurance, you are able to get an umbrella policy that boosts the coverage of both of them. With one umbrella policy, it adds liability coverage onto both your home and auto policies so that you are far better covered. The maximum payout of home and auto insurance for liability is often relatively low. This can leave you without enough coverage if there were to be a serious accident. Umbrella insurance, however, has a much higher payout maximum than most home and auto policies to give you extra protection.

How Umbrella Policies Work

First, there is an accident. It may happen in your vehicle, or it may happen in your home. When a third party is injured in that accident, you will be liable for the medical bills if the accident is judged to be your fault. First, either your home policy or your auto policy comes in to pay medical bills that become due. The problem is that it will only pay up to its max payout amount. When this number is relatively low, this will leave a lot of overages that will be yours to pay. When you have an umbrella policy, that policy comes in after the first has maxed out and pays what is left over. 

Get Your Umbrella Insurance

If you need umbrella insurance to be better covered, contact us now at T.D. McNeil Insurance Services in Folsom, CA.

Benefits of Investing in Umbrella Insurance Coverage

Umbrella insurance is an additional form of liability insurance that can be added to your existing policy. This type of insurance offers additional protection on top of your current auto or home insurance, further protecting you and your assets. If you are found at fault for an accident in Folsom, CA, you want to be confident that you are fully protected, and umbrella insurance can help with that. Here are a few benefits of investing in umbrella insurance coverage from T.D. McNeil Insurance Services.

Protects Your Savings

In the event that you are held responsible for any kind of serious accident, your personal liability could be considerable. This could put your financial resources and personal assets in jeopardy. Your standard insurance policy may not be enough to cover the losses, causing you to have to pay out of your own pocket. This could potentially drain your savings. An umbrella insurance policy essentially acts as a gap between the amount your regular insurance policy pays and what you must pay out of pocket.

Offers Legal Counsel

If another individual decides to sue you after being injured in an accident or for any other reason, umbrella insurance will generally cover the costs of providing you with legal counsel. Regardless of whether you win or lose the lawsuit, the legal expenses tend to still be covered with this type of insurance coverage.   

Protects Against Excluded Accidents

There are some accidents that are excluded from your home and auto insurance policies, which leaves you vulnerable to liability lawsuits in the event of an accident. An umbrella insurance policy can offer a wider range of protection since it offers protection for many situations that are not included in other standard insurance policies.

If you are interested in learning more about umbrella insurance, reach out to us today. Serving the residents of Folsom, CA, T.D. McNeil Insurance Services, we would be happy to sit down with you and discuss how umbrella insurance can help increase your level of protection.

Our Partners
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