New Page 1

Agosta Insurance Agency - Phone: 650-355-9660

New Page 1
Commercial Umbrella Insurance


Why you should consider purchasing a Commercial Umbrella.
Comprehensive coverage at a sensible price!

#1: Asset protection You work hard to earn every dollar. And itís your decision how best to spend it. However, if an unexpected loss does occur, that decision may no longer be yours to make. You need to assess carefully, with all the facts at your fingertips, whether you can afford not to make an umbrella part of your insurance plan. When most businesses examine the facts, they find that a

Commercial Umbrella offers them a low-cost way to assure their assets remain theirs Ė even in the face of a multi-million-dollar lawsuit. The truth is that itís not just your current assets at risk, but your potential future earnings as well. Look down the road and picture where your business will be five or ten years from now. A large loss could easily destroy any hopes of a bright future.


#2: Large losses do occur They canít take what you donít haveÖ They sure can. A court can seize your current assets, or attach your companyís future earnings to satisfy a judgment against you. Bankruptcy courtsí records are filled with examples of companies that thought they werenít at risk. They believed they didnít have enough assets to worry about the threat of an uninsured or underinsured loss. But accidents donít just happen to the other person. They could happen to you.


Here are some examples:

bullet Homeownerís association: $6,194,000 A guest at a condominium complex fell from a pier, rendering her a paraplegic. Due to a recent drought, water had receded beyond the pier exposing the shoreline. The claimant alleges that there should have been a railing to prevent falling.
bullet Apartment building: $1,900,000 A fire occurred in the insuredís apartment building. Eight days before the fire, a property management code was approved requiring smoke detectors regardless of building size. The tenant was seriously burned and the fire department concluded the fire was the result of the plaintiff smoking in bed.
bullet Retail: $11,010,000 A contractor working on the roof of the insuredís retail operation fell through a skylight causing traumatic brain injury resulting in severely diminished mental capacity.
bullet Apartment building: $3,350,000 A child was killed when an electric gate in the apartment building crushed him. Garage: $2,510,000 The insuredís garage operation repaired a tire on the plaintiff ís vehicle. Approximately two hours later, the tire blew out causing the driver to lose control of the vehicle. The accident injured 10 passengers.
bullet Retail: $6,3578,00 A 7-year-old claimant became entangled in a hammock sold by the insuredís retail operation causing brain damage due to hypoxia. The hammockís manufacturer is located in another country and not subject to lawful service.
bullet Wholesaler: $5,285,000 The insuredís vehicle was involved in an intersection accident. The driver pulled from a stop sign into the path of the claimantís vehicle.


#3: A true value Of course, every business is different, and so is every liability case. Because a Commercial Umbrella is meant to apply to large, catastrophic losses, its cost will be determined primarily by your businessí specific operation. But in comparison to the coverage you now buy, the cost is relatively low. As a result, the limits can be many times those provided by your current policies, at a fraction of the cost. With lawsuits occurring more and more frequently and monetary awards climbing skyward, you need to insure both the assets and future earnings of your business.


bullet Other available products and services
bullet Surety Bonds
bullet Employment Practices Liability Insurance
bullet Pollution Liability Insurance*
bullet Workersí Compensation Insurance*
bullet Business Life Insurance
bullet Personal Insurance
Value Added Products and Services*
*Not available in all states This page  contains a general description of coverage and is not a policy contract. The policy itself should be read for actual coverage and exclusions.