Umbrella insurance pays additional funds when your primary policies are triggered. Self-employed people, solopreneurs, private contractors, home-based workers, and other non-traditional wage earners need umbrella coverage to protect the tools and property they use to make a living. Here are some ways a commercial umbrella policy from the Saucon Insurance Agency can keep your Bethlehem, PA business solvent through a number of threats.

• General liability policies cover costs associated with loss or damage that occurs on your property. If a visitor claims to have been hurt or had property destroyed while on your property, general liability covers your portion of court-ordered payments. However, serious injuries or catastrophic loss of property can quickly eat up standard payouts, leaving small business owners to pay these costs out-of-pocket. Umbrella insurance policies can cover those costs instead, leaving your precious cashflow free to work for you.
• Commercial auto insurance protects the fleet, service, and other business vehicles. During times of expansion, small business owners may invest in new vehicles to expand their abilities to deliver goods and services. If an accident causes severe damage to the new vehicle, the primary auto insurance usually covers any remaining financed costs. The business owner is left to find the funds to replace the missing vehicle. An umbrella policy would provide enough additional funding to purchase a replacement vehicle so no opportunities are lost.
• Professional liability insurance protects workers, like medical professionals, who work directly with the public. If a client sues the professional for malpractice, professional liability policies help pay for lawyers, fees, and other costs associated with the case. This coverage may not be enough to protect private wealth from court-ordered restitution payments. An umbrella policy protects professionals from losing their property in a legal case.

Saucon Insurance Agency offers customized business insurance policies in the Bethlehem, PA area. Contact our representatives now to find out how umbrella coverage can complete your protection plan.