{"id":30,"date":"2023-12-20T04:00:00","date_gmt":"2023-12-20T10:00:00","guid":{"rendered":"https:\/\/www.wcinsagency.com\/blog\/?p=30"},"modified":"2023-12-31T17:40:33","modified_gmt":"2023-12-31T23:40:33","slug":"do-i-need-umbrella-insurance-personally-if-i-have-it-professionally","status":"publish","type":"post","link":"https:\/\/www.wcinsagency.com\/blog\/do-i-need-umbrella-insurance-personally-if-i-have-it-professionally\/","title":{"rendered":"Do I Need Umbrella Insurance Personally If I Have It Professionally?"},"content":{"rendered":"

As a business owner in the Port Jervis, NY area, you may already have umbrella insurance attached to your commercial insurance policy, giving your professional assets the best protection. However, getting a personal umbrella insurance policy through Worthington Carroll Agency for maximum protection is a good idea. <\/p>\n

Commercial Will Not Cover Personal Assets<\/h2>\n

Just like a tenant renting a home, the home insurance policy will not cover the property that belongs to the person renting the home. The underwriters for your corporate umbrella insurance policy will also not cover anything that is not directly related to your business. However, you can still be targeted as the owner. <\/p>\n

Protect Personal Assets<\/h3>\n

Umbrella insurance secures the assets that are associated with the primary policy, which can be personal or professional. If you are sued and named personally in the suit, your personal assets could also be seized, should you be found liable. <\/p>\n

Your personal assets include any homes, property, and recreational vehicles you may own, which can be sold and liquidated to cover expenses. When you add this policy to your home insurance, you want to ensure you cover the total cost of the physical property and any personal accounts that can be reviewed. <\/p>\n

Family and Dependents Are Affected<\/h3>\n

Since you can be targeted as the business owner, this is important because your family and dependents rely on your assets and income. If you are suddenly seized in court when your commercial umbrella insurance would not cover, then you could find your spouse and dependents directly affected by this, especially if they are utilizing property that is in your name. <\/p>\n

Call Today To Discuss Your Options<\/h3>\n

If you are interested in adding umbrella insurance to your home policy, contact our agents at Worthington Carroll Agency today for assistance in the Port Jervis, NY area. <\/p>\n","protected":false},"excerpt":{"rendered":"

As a business owner in the Port Jervis, NY area, you may already have umbrella insurance attached to your commercial insurance policy, giving your professional assets the best protection. However, getting a personal umbrella insurance policy through Worthington Carroll Agency for maximum protection is a good idea.  Commercial Will Not Cover Personal Assets Just like […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,8],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-port-jervis-ny","tag-worthington-carroll-agency"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t