How umbrella insurance can help protect businesses in litigious industries

Bayshield Insurance is pleased to provide the business community of the greater San Jose, CA area with all of its insurance services. We are here to help you meet your commercial insurance needs. If you own a business in an industry where lawsuits are part of the environment, commercial insurance is more important than ever. 

Don’t let frivolous lawsuits destroy your business!

When it comes to protecting your company, having the right liability protection in place can be hugely important. Without robust liability protection, one frivolous lawsuit could wipe out all of your hard work and dedication! Fortunately, with the right umbrella policy, you will have additional liability protection in place.

This means that when your primary policy is exhausted, your umbrella policy will become active. Having this protection in place can prevent the company principals from being held personally liable for any damages or expenses. Without an umbrella policy, many years of hard work can be wiped out overnight.

If it’s time for an umbrella policy for your company, now is a great time to explore the available options. Make an appointment with your local insurance agent and get this important insurance in place today.

We can help you protect your business with the right insurance 

Business owners in the greater San Jose, CA area turn to Bayshield Insurance for all of their commercial insurance needs. Make sure that you have the liability protection you need. Our team is here to help you with the process of finding comprehensive and umbrella insurance policies that will help to protect all of your hard work. If it’s time to get an umbrella policy to protect your company, call us today, and let’s schedule a consultation. We look forward to working with you!

Who needs to have umbrella insurance in San Jose?

In the San Jose, CA area, having proper personal insurance plans is always a good idea. While these types of coverage can include home and auto insurance, you also need to ensure that you are getting an umbrella insurance plan. This is a valuable type of insurance that will provide you with ample personal liability protection. There are various scenarios in which someone will want to have this coverage. 

Those that Want Protection Against Big Claims

A common situation when someone will want to have an umbrella insurance plan in the San Jose, CA area is when they want to protect against big claims. Being named liable for a major accident could result in damages that exceed coverage in your home or auto plans. If this occurs, your umbrella insurance plan will offer coverage on top of these policies to ensure you have the necessary additional protection.

Those that Want Coverage for More Risks

You should also get an umbrella insurance plan if you want to have coverage for more risks. Most people in this area of California are going to have liability insurance in their home and auto plans. While this is helpful, there are always liability risks that may not be covered by these plans. In these situations, you will want to have umbrella support as it will give coverage against a more blanket mix of risks. 

Once you have determined that umbrella insurance is right for you and your situation, you should call Bayshield Insurance. Those that are in San Jose can quickly find that picking umbrella insurance comes with complexities. Fortunately, the professionals with Bayshield Insurance offer various forms of support that can help you choose a plan that will give you the additional liability coverage that you are looking for. 

Common Myths Regarding Umbrella Insurance

Bayshield Insurance serves the San Jose, CA community and surrounding areas. We help our clients find policies that minimize risks. Emergencies can occur at any time. That’s why it’s important to have insurance coverage that you can rely on during those tough times. We will assess your situation so that you can receive coverage that aligns with your personal goals.

Common Umbrella Insurance Myths

Umbrella insurance offers a layer of protection during serious liability situations. While accidents may inevitable at times, you could still face the consequences. If you accidentally injure someone, and they pursue litigation, your assets could be at risk if you don’t have enough coverage. That’s where umbrella insurance kicks in. The policy takes over once you have reached your liability limits so that you can avoid having to cover the dispute out of pocket. While you’re looking over your policy, avoid these common umbrella insurance myths.

Umbrella Insurance Is Too Complex

Remember that umbrella insurance is a form of supplemental coverage. It doesn’t act as a stand-alone policy. If you are involved in a home or auto liability dispute, umbrella insurance can protect you. If you are the owner of a San Jose, CA business, umbrella insurance can prevent you from losing everything if a customer alleges that your product caused them harm or if you are facing allegations of libel or slander.

I Don’t Have Any Assets

Some people are hesitant to obtain umbrella insurance because they believe it isn’t necessary because they don’t have any assets. Everything that you own has value. Imagine how difficult it would be to replace any assets lost in a liability dispute without insurance. Your entire future could be at risk. Umbrella insurance is an asset for everyone.

Bayshield Insurance Will Help You Cover Your Assets

Visit our website to learn more information about umbrella insurance.

What Kind of Liability Does Umbrella Insurance Cover?

Are you on the fence about umbrella insurance for your San Jose, CA business? We at Bayshield Insurance think it’s a good idea for you to seriously consider this option. Doing so will help to make sure that you get the high-quality help needed to manage any liability problems. 

Excessive Defense Costs 

Is your trial going to cost you a lot of money to pursue? Are you likely to lose and pay a lot of cash? Never worry: your umbrella insurance policy can help. It will pay for these costs, up to your coverage limits, to ensure that you don’t end up spending a lot of money paying your legal fees in this situation.

Severe Personal Injuries 

Did your business end up injuring somebody severely, and you’re worried about paying their medical bills? Umbrella insurance will pay a higher portion of their costs after your liability is exhausted. In this way, you won’t have to pay nearly as much as you would otherwise. 

Product Failure Liability 

If you sell products, and they end up failing heavily, your consumers could suffer injuries and other issues. Thankfully, high-quality umbrella policies can minimize the amount of money that you have to pay by covering a majority of your overall costs. 

Other Types of Liability 

Depending on your umbrella policy, it might pay for things like delivery crashes, intoxication at the workplace, attacks by workers at your facility, criminal prosecution costs, and much more. In this way, you should be protected by creating a comprehensive liability protection level. 

Keep Yourself Safe

If you’re concerned that your liability coverage just isn’t enough to keep you safe, don’t hesitate to talk to us at Bayshield Insurance right away to learn more. Our team serves the San Jose, CA, area and will do what they can to give you the help needed to avoid serious long-term complications. 

How Does an Umbrella Policy Work?

Buying insurance cover is the first step to living a free-worry life. The future holds many uncertainties, especially if you own a business or property. If you are a resident of San Jose, CA getting decent umbrella insurance is a brilliant idea, and Bayshield Insurance is ready to make your dreams come true.

Understanding What Umbrella Insurance Is

Any insurance policy you purchase on top of the standard cover fits to be umbrella insurance. The policy provides cover for property destruction, personal injuries, selected lawsuits, and several others issues.

What To Expect Once You Have Purchase Umbrella Insurance Cover

Your future and your property are secure if you have umbrella insurance cover. Perhaps you have a cover for boat or home, which can only compensate you up to a particular limit. The umbrella insurance cover takes over from where your standard policy gets exhausted. In addition, the insurance takes care of primary issues that other policies exclude in their packages. For instance, it comes to your rescue when you are a victim of slander, libel, and false arrest, to mention a few.

How Can Does Owning Umbrella Insurance Benefit You?

Umbrella insurance is your trusted friend when other options get overstretched. You reap numerous benefits by owing such a cover, as it protects you against personal liability matters, legal issues, and bodily injuries when an accident occurs. While your homeowners cover and auto insurance policies cover you from such liabilities, you need to purchase umbrella insurance as it extends its coverage than any other option. 

As we live and interact with other people, we never know what lies ahead. Accidents may happen to leave you at fault and with a financial battle. With umbrella insurance, you do not have to go back to your wallet when you have caused bodily injuries to other people through an accident. Similarly, if your dog harms a guest at home, the insurance takes care of the hospital bills.

If you live in San Jose, CA, reach out to Bayshield Insurance and start a journey to a safe future today.

Why do I need umbrella insurance in San Jose?

In the San Jose, CA area, all people should be aware of their personal liability risks and build a personal insurance plan to mitigate this risk. While many people are going to receive good coverage through home or auto plans, another type of insurance to consider getting is umbrella insurance. An umbrella insurance plan is an additional form of personal liability coverage that gives people additional protection. There are a few reasons that you will need umbrella insurance.

Insurance Mitigates Risk of Major Claims

A key reason you should get an umbrella insurance plan when you are in this area is to receive protection against major claims. A home or auto insurance plan will give you some liability coverage that is likely enough to cover most claims. However, there will always be a risk that a claim could exceed your existing policy limits. If this happens, your umbrella insurance plan will give you the additional coverage you need.

Insurance Offers Peace of Mind

Many people will also benefit from having umbrella insurance because it can give peace of mind. While you can try and predict all potential liability claims, it is impossible to predict everything. Fortunately, you can still prepare for unpredictable situations with an umbrella insurance policy, as it will give you more blanket liability coverage. This will give you the sense that you are prepared for anything.

Those that want umbrella insurance in the San Jose, CA area should call Bayshield Insurance. The team with Bayshield Insurance understands the value that will come with this coverage. They will be able to answer the questions you have and give the support you need to build a proper umbrella plan that meets your needs. 

Do I need to get umbrella insurance in San Jose?

If you are going to move to the San Jose, CA area, it will be important that you consider all of your personal insurance needs. One type of insurance coverage that people in this area could benefit from having is umbrella insurance. When you get an umbrella insurance plan, it will offer you additional personal liability coverage. There are a few reasons that people here may need to get an umbrella insurance policy.

Insurance Gives Coverage for Significant Risks

A lot of people in this area opt to get umbrella insurance because it will give coverage for significant risks. The average person in this area will have some liability coverage through a home, renters, and auto policies. While this is a great start, it may not be enough protection for serious accidents that have damages that exceed the policy limit. When you get an umbrella insurance plan, it will give protection on top of the base policies.

Insurance Protects Against More Risks

It would be best to consider getting an umbrella insurance plan because it will give you coverage against more risks. Those in this area can plan and protect against some potential liability risks, but predicting all possible scenarios is not always possible through specific policy coverage. When you get an umbrella insurance plan, the broad coverage can protect against risks that are harder to plan for. 

There are many great reasons to get umbrella insurance coverage when you are in the San Jose, CA area. As you are looking for this insurance here, you should call Bayshield Insurance. The team with Bayshield Insurance can answer your questions and give you the guidance needed to choose a new policy. 

Understanding Umbrella Insurance

On a cloudy day, you take your umbrella with you just in case it rains. Umbrella insurance works similarly. You have it just in case. In San Jose, CA, Bayshield Insurance agents want you to understand umbrella insurance, so you’ll be covered when it rains.

What is Umbrella Insurance?

So, you have liability insurance, then why do you need more coverage? Liability insurance has its limits. Getting umbrella coverage is supplemental and begins where your liability coverage ends. For example, if your liability limit is $100,000 and you accidentally crash into a motorcyclist. Your liability will take care of repairing or replacing the motorcycle. It will also cover bodily injury costs, such as medical bills and lost wages. If those damages totaled to $250,000, then you’d be responsible for $150,000 out-of-pocket. If you had umbrella insurance, then it would cover the rest after your liability limits were reached.

Who Should have Umbrella Insurance?

Umbrella insurance is personal liability protection. Anyone can purchase umbrella insurance, but those who have more assets are usually the ones with the coverage. In addition to people who own property are those who have a higher risk of being sued.

  • Landlords  
  • Coaches of little league sports
  • Those who have small children
  • Anyone who owns a swimming pool
  • People who have dogs
  • If you’re an athlete that can injure another person
  • People who own firearms

Who’s Covered Under Umbrella Insurance?

You, your family members, and your pets are covered. Certain breeds may not be covered, so find out from your local insurance representative.

You can stop by the San Jose, CA office of Bayshield Insurance. They have independent insurance agents ready to help you with your umbrella insurance policy. They can also get you started with home, life, or auto policies as well.