If you run a professional practice in Tyler, TX, you may already have a professional liability cover. While this covers you for most eventualities, the reality is that it may not always be enough. While professional liability coverage can adequately cover most claims, there can be moments in your practice when claims can exceed your professional liability. When this happens, you could plunge into a financial crisis as you may have to pay the difference out of pocket. This can lead to severe losses for your practice and, in some cases, even bankruptcy.
If you are a practitioner such as a physician, software consultant, accountant, or stockbroker, you need not worry about excess professional liability. The good news is that commercial umbrella insurance will protect you from such an eventuality.
How Commercial Umbrella Insurance Can Protect Your Business
Commercial umbrella insurance kicks in at the limit of your professional liability cover. It picks up the excess if a claim is more than your liability coverage. This protects your personal finances and also the financial health of your practice. However, you will need to find the right commercial umbrella insurance cover depending on the type of practice you run and your unique professional liability risks.
Get Top-notch Commercial Umbrella Insurance From EasTex Insurance Associates Inc.
Umbrella insurance coverage differs across various insurance companies. To find the right commercial umbrella insurance for your business, come to EasTex Insurance Associates Inc. We are an insurance agency that serves clients in Tyler, TX, and its surrounding area. Our friendly and professional insurance experts will match you with the right commercial insurance provider. This ensures that you effectively manage any professional liability risks. Additionally, it gives you complete peace of mind that your business is safe in case of any eventuality regarding professional liability. Get in touch with us today for more information about commercial umbrella insurance for your business.