You’ve worked hard to build your business and provide for your family. A single catastrophic event shouldn’t be able to take it all away. At First Water Insurance, we recommend a Personal Umbrella policy as the final layer of defense for your home, your savings, and your future earnings.
Most auto and homeowners policies cap liability limits at relatively low amounts. In a major lawsuit, those limits act like a fence—once the settlement costs go over the top, your personal assets (homes, bank accounts, and business equity) are out in the open.
The “Teen Driver” Factor: Statistics show that teen drivers are at a higher risk for high-impact accidents. An Umbrella policy picks up exactly where your auto insurance stops, providing an extra $1M to $5M+ in protection.
Defense Costs Included: If you are sued, an Umbrella policy doesn’t just pay the settlement; it often covers the high cost of legal fees and private counsel, which can reach six figures before a trial even begins.
Worldwide Protection: Whether you are at home, commuting, or on a family vacation abroad, your Umbrella protection follows you.
Statistics show teens are at a higher risk for high-impact accidents. An Umbrella policy picks up exactly where your auto insurance ends, adding $1M to $5M+ in additional protection for a surprisingly low cost.
As a business owner, you have more to lose than the average person. We ensure your personal life and your professional legacy stay separate. If a personal lawsuit hits, your Umbrella policy stands in the way so your business stays intact.
Legal fees can bankrupt a family before a case even goes to trial. Most Umbrella policies cover the cost of your legal defense, including high-priced private counsel, over and above your coverage limit.
As a plumber, electrician, or painter, you are a “target” for lawsuits because you have visible assets and a successful business. If a personal accident leads to a judgment that exceeds your car insurance, a lawyer could come after your business interests. An Umbrella policy keeps your personal life and your professional legacy separate and safe.
A: Surprisingly, no. Because it sits “above” your other policies, it is one of the most cost-effective types of insurance available. For many families, $1,000,000 in extra coverage costs less than a dollar a day.
A: “Full Coverage” usually refers to physical damage to your car. It does nothing to protect you if you are sued for $2,000,000 in medical damages to someone else. An Umbrella policy is specifically designed for those “worst-case” liability scenarios.
A: A Personal Umbrella covers your personal life (accidents in your personal truck, at your home, or while traveling). For your business operations, you need a Commercial Umbrella. At First Water, we specialize in “stacking” these protections so there are no gaps between your work and your home.
