As a proud business owner, it’s your job to consider the “what-ifs” for your business. Of course, you don’t want to think about the worst… but in order to be prepared, it’s a necessity. No matter how careful or cautious you and your employees are, accidents do happen – and sometimes they can be serious.

If you experience a catastrophic accident, things can get costly… and fast. That’s where your ERIE agent and ERIE’s Business Umbrella Policy can help.

WHY DO I NEED A BUSINESS UMBRELLA POLICY?

This specialized policy can kick in with extra financial protection against a legal judgment for a covered loss. Business umbrella liability offers a cushion above and beyond the limits of your commercial general liability, professional liability, business auto liability and employer’s liability insurance.

Business umbrella insurance could help you when facing a serious and costly claim, for example:

• One of your drivers causes a very serious accident and a suit is filed against your business.

• A fire starts at your owned location and damages several other buildings in the surrounding area. A suit is filed against your business for the resulting damage.

• Your business gets sued because a customer is injured by a product he or she purchased through your business.

• A competitor claims you made false or malicious statements about their business in public or in an advertisement and decides to take legal action.

A major claim, like those mentioned above, could threaten the very existence of your business. And if a claim is serious enough, it could even have the potential to put your own personal assets — like your home and your retirement account — at risk.

WHAT ERIE INSURANCE OFFERS

ERIE’s Business Umbrella coverage offers your business $1 million or more of extra protection above your primary Erie Insurance policy’s liability coverage.

ERIE’s business policies also give you access to a variety of resources including:

• Coverage for legal costs to defend a covered claim.

• Assistance from a risk control consultant who can recommend measures to help you identify, manage and reduce your business’s risks (Learn more about our risk control services.)

• Access to online disaster planning and business continuity tools through the Institute for Business and Home Safety’s “Open for Business” program.