This is a good article from Forbes about a less common but essential insurance policy. A rise in liability law suits is leaving the potential payouts to be astronomical. You don’t have to be a billionaire to fall foul to these types of actions.
Read the full article here at Forbes: The 1% Fear Being Sued But Shun Umbrella Insurance…
One example:
“An individual was involved in a minor accident on his way to an airport. Both he and the driver of the other car agreed they felt fine and didn’t need police assistance until his relative arrived in a $200,000 car to help him catch his flight. Suddenly, the other driver complained of pain and insisted they call the police. The case was eventually settled for a substantial sum.” (excerpt from Forbes)
We can help with personal or commercial liability umbrellas. We write these consistently on people who just want to sleep better at night knowing that they have that extra level of protection. If we can help you, simply email us at info@BentonWhite.com or call our team at 615.377.1212.