Ohio, Michigan, Maryland - Do You Have Enough Liability Insurance?
Protecting your liability in the course of running your business, or simply living your personal life with car and home ownership does not have to be limited to the basic insurance policy. In addition to your commercial general liability or limits of your personal home and auto policies, you can really feel secure about protecting your future and assets with the additional protection provided by umbrella liability insurance. Owning a personal umbrella for you and your family; or a commercial umbrella for your business - IS peace of mind.

Umbrella coverage kicks in when the limits of your commercial liability, home, or auto policy have been exhausted. Once the liability limits are exhausted on the base policy, an umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits are also available.

Personal Umbrella Policy

An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is inexpensive relative to the increase in coverage and for the comfort of knowing you’re covered.

Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.

One of the greatest advantages for owning a personal umbrella is protection from the uninsured and underinsured motorist. In Ohio, nearly 40% of drivers are out on the road with either no insurance at all, or only carrying the state required minimum which is limited to only $50,000 in bodily injury per occurrence! Purchasing a personal umbrella liability policy with extension to uninsured and underinsured motorist coverage can protect you from financial injury caused by someone else who carried little to nothing for coverage.

Commercial Umbrella Insurance

If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

The rising costs of lawsuits and judgments are important for today's business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event.

A Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards Protected World Insurance Agency recommends that your business insurance program include this coverage.

Excess Liability Coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy. Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

Every family and every business is unique – talk to Protected World Insurance today to find out how to get the best umbrella liability, service, price and value.

Central Ohio's full service exclusive insurance agency's telephone number is +1(614)488-2700.
You may also reach insurance agent Spencer Hawkins, CFP^® by email here:

We write insurance in Ohio, Michigan, Maryland, and Florida and would be honored to help you secure the correct policy coverage.