Total Liabilities Policy OR Umbrella Policies

Total Liabilities Policy OR Umbrella Policies Total liability policies is an insurance cover which increases the amount of maximum available coverage in the event of extreme circumstances. Since they are only adding on to other policies, they can never be purchased by themselves. They often have lower premiums than normal policies, since they only come into effect when the other policy has reached its max coverage limit. Remember liability insurance provides protection against claims resulting from injuries and damage to people and/or property. For example a contractor purchases a policy will definitely need some form of general liability coverage, but they may also want to extend that coverage with a higher policy limit. Total liability coverage adds to the total allowed sum of claims for not just general liability policies, but potentially for other coverage like worker’s compensation and commercial auto insurance. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful