Do you live, work, or play in and around Pleasanton, CA, and believe that additional liability insurance could benefit you? Umbrella insurance might be the innovative, affordable solution you need. Our insurance specialists at Miao Insurance Services offer the following guidance:

• The main purpose of umbrella insurance is to provide an additional safety net for costs or damages that may exceed the limits of your existing insurance policy.
• Umbrella coverage comes into effect only when your existing policies reach their limits.

Understanding the Value of Umbrella Insurance

Most people opt for umbrella insurance because it protects against unforeseen catastrophic events and offers peace of mind. Here are some factors to consider when assessing your umbrella insurance needs:

• Potential Risk Exposure: Does your home or rental property present a risk requiring protection? For instance, if your home has a pool, you may benefit from umbrella insurance. This risk is also applicable to professionals potentially liable for claims, such as business owners or doctors.
• Legal Costs: Umbrella insurance can cover any damages and legal defense costs you are responsible for.
• Umbrella Coverage Options/Limits: Remember that you can customize umbrella insurance to fit your needs. You can choose the amount of coverage you need, ranging from approximately $1 million upwards.

Contact an Esteemed Pleasanton, CA, Insurance Services Company

Umbrella insurance offers a practical and innovative solution for individuals looking to secure their financial future. Your need for umbrella coverage varies depending on your circumstances. However, we recommend that California residents contact Miao Insurance Services by phone at 510-628-6070, by email at email, or online for more information.

Miao Insurance Services is the agency that business owners and operators in the greater Pleasanton, CA area turn to for all of their commercial insurance needs. Contact us today if you want to protect your company’s viability and future success. 

Protect Your Company With an Umbrella Policy

Frivolous lawsuits are, unfortunately, a part of doing business in our litigious society. There’s always a risk of a frivolous lawsuit taking down an otherwise thriving business. When you have an umbrella policy in place, you’ll have a backup ready to go in the event that your primary liability policy is exhausted. When your main liability policy reaches the policy maximums, it will no longer pay out against any damages or other liabilities. This means that either your umbrella policy comes into play or the company or owners become liable.

Depending on how your company’s ownership is set up, you and any other owners could become financially responsible on a personal level. This means that any amount of liability that exceeds the company’s primary policy becomes the financial obligation of the company’s owners. This is why it’s so important to carry a sufficient amount of umbrella insurance. Don’t let a frivolous lawsuit wipe out all the hard work and dedication you’ve put into your company. Every business deserves to thrive, and with the right protection in place, it’s possible for your company. Protect your future and the firm’s ability to continue growing.

We can help your company with all of its insurance needs!

There’s a lot to know when it comes to insurance and protecting your company’s interests. Give us a call today to find out more about the reliable services provided by Miao Insurance Services for Pleasanton, CA and the area’s business community.

Umbrella insurance is an extra layer of liability coverage that exceeds the value of the home insurance liability protection. Individuals seeking extra liability coverage should reach out to an insurance expert to find out how umbrella coverage provides security. The experts at Miao Insurance Services are proud to serve the Pleasanton, CA residents, assisting them with insurance selection.

Why Umbrella Insurance 

Umbrella insurance is extra protection against liability for your property. For example, if you have an issue where an injury or property loss is occurring at your home’s location, it can occasionally exceed your home’s liability coverage. If you have umbrella insurance coverage, the umbrella insurance covers amounts exceeding the liability protection your home insurance provides.

Understanding umbrella insurance and how it works is essential when buying insurance coverage. We can provide our customers with the insight and support they need to understand the terms and conditions of umbrella insurance policies.

We can also assist them with understanding their current and potential future needs and matching them with umbrella insurance policies that meet those needs. Additionally, we assist individuals with submitting documentation to secure umbrella coverage, help with any changes during the policy’s lifetime, and support any claim submissions.

We offer each customer full-service assistance and support to ensure they get the peace of mind they need.

Reach Out Today 

Miao Insurance Services is ready to assist the residents in and around the Pleasanton, CA area with support to help them secure top-quality insurance protection. Call or stop by our office today to speak to one of our helpful agents. Don’t wait to get the liability coverage you need to prevent losses.

Startups are a vital part of the economy and can provide people with a unique sense of personal and financial freedom. However, liability lawsuits may affect many startups and put them out of business. At Miao Insurance Services, we can help Pleasanton, CA businesses get umbrella policies that meet their needs.

What Umbrella Insurance Protects

When creating a startup, there are many things that could go wrong that could affect you financially. Even small mistakes or lawsuits could seriously impact your chances of success. Thankfully, umbrella insurance can protect you from these problematic concerns and avoid devastating financial loss in a severe lawsuit situation.

What exactly is umbrella insurance? It is an additional liability policy that you can add to your current coverage that will protect you from various problematic concerns. Umbrella policies extend your policy to pay beyond what your current liability protection covers.

Why This Helps Startups

As a startup, you don’t always have a lot of money to throw around. Success is sometimes balanced on a knife’s edge, and one lawsuit could put you under. Umbrella policies would help you stay in business by paying for a lawsuit that may otherwise bankrupt you.

For instance, let’s say your company has $20,000 of capital, and you get sued for $100,000. Your current liability protection covers $70,000 of that. With an umbrella policy covering up to $500,000, you could easily pay that $100,000 and avoid going out of business.

Finding a Policy You Need

Do you feel like you need high-quality umbrella insurance policies for your startup’s needs? Please don’t hesitate to contact us at Miao Insurance Services to find the Pleasanton, CA umbrella insurance coverage help that you need. Our team will do what they can to help you.

You might occasionally wonder, why get more insurance when I have auto and home policies? As numerous Pleasanton, CA residents can attest to, these policies provide immense benefits for the policyholders. But as Miao Insurance Services advises, they will not be enough to cover various emergencies that you encounter. Below, we discuss reasons to consider getting umbrella insurance.

Claims Are Expensive

If you have been involved in an accident, chances are you are aware of how fast expenses can accrue. Whether you are dealing with property damage costs or lawsuits, primary policies can often get exhausted, leaving you with out-of-pocket expenses. It especially rings true when you cause significant 3rd party injuries or multiple property damage. Umbrella insurance comes in handy here, providing extra coverage for such scenarios, with the compensation provided helping you cover your additional expenses.

Mistakes Can Happen At Any Time

Apart from auto accidents, mistakes can happen at any time. If, for instance, you attend a party and you make false statements against a party or a business, you will likely get a lawsuit for slander. Your guests could also be accidentally imprisoned by your family members, resulting in another lawsuit. Numerous mistakes are excluded from primary cover, requiring you to cover these accidents on your own. Umbrella insurance provides coverage for various everyday accidents, helping to keep you and your loved ones protected.

Gives You Peace of Mind

If you own vehicles, pools, rentals, or businesses, you will occasionally worry due to the risks surrounding these items. Examples of points of concern include guest injuries and customers incurring property damage during a visit to your premises. By getting umbrella insurance, you can rest assured that you are protected when such emergencies arise, helping you live stress-free.

If you need protection, during your Pleasanton, CA residence, umbrella insurance will be your go-to. Contact Miao Insurance Services today to get started on your umbrella insurance journey.