Proper insurance is a must-have for responsible business owners. Policies often include first-party benefits that will pay you if something happens such as an interruption in business.  Liability insurance is there to protect others in third-party claims, and umbrella policies offer an additional layer of coverage for those exposures. Many entrepreneurs choose to add an umbrella policy to their business insurance Albuquerque NM for these three extras.

Liquor Liability

Serving liquor poses a host of additional exposures for your business. You need coverage in the event one of your patrons is overserved and commits an offense like drunk driving. You are responsible and therefore liable for damages.

Non-Owned Auto

If your employees use their vehicles while conducting business for you, your company would be responsible for damages. This coverage can be added for employees who simply run errands for or even more formal situations like a realtor who uses a personal vehicle to put up signs.

Employment Practices

Any claims of discrimination or wrongful termination can quickly become a costly legal issue. Even for cases that have no merit, your company will need to defend the claim. A commercial umbrella policy can provide for the cost of your defense.

You’ve worked hard to build your business. Now it’s important to protect that financial and personal investment with the right coverage.