Do you own a large franchise? Handling a lot of financial transactions and an influx of customers could affect your liability risk. Umbrella insurance could safeguard you against unexpected legal costs.
Franchise Essentials
Consider the franchise essentials used to operate your business. Think about your automated and manual equipment, your inventory, and your workforce. These essentials are what keep your business afloat. If a customer were to sue you, you may be bombarded with legal expenses that you may not be able to handle.
If you wouldn’t be able to maintain the condition of the franchise essentials you rely on daily, you may want to explore how an umbrella policy could help.
Umbrella Coverage
Your commercial insurance policy likely provides liability protection for your franchise. The amount of protection it provides may be based on your personal needs and financial capabilities.
Once you add umbrella insurance coverage to your policy, you will have additional liability protection. Once your commercial liability protection coverage limit is met, your umbrella insurance coverage will handle additional expenses.
Insurance Coverage for Legal Expenses
Umbrella insurance coverage may handle a wide range of legal expenses you can face as a franchise owner. For example, say a customer sues you. Your umbrella policy can help cover the cost of obtaining a legal representative.
Your umbrella may also handle the cost of filing paperwork and other expenses you face during the legal process. You may be reimbursed for each expense you are responsible for.
Agent Guidance from Stalwart Insurance
Contact one of our agents serving Pittsburgh, PA. They will set up a consultation to discuss your insurance needs as the owner of a commercial franchise.
