What is an Umbrella Insurance Policy & Why You Should Consider One

How To: Choosing the Right Home Insurance Deductible

Your umbrella (policy) will protect you on rainy days!

You’ve worked your whole life to get where you are today: a good savings plan for retirement, a nice home under your (and possible spouse’s) name, a couple of cars, and maybe a good amount saved for tuition for you children. These aren’t just markers of a successful life, they are your family’s financial future and they depend on all of those things for security. All that you’ve built throughout the years can be at risk as a result of an accident or liability lawsuit. Know why you should consider an umbrella insurance policy to give you extra protection for when you need it most.

Accidents Are a Part of Life

We try our best to avoid them, thats why they are called “accidents,” and not “purposefuls.” If you were to cause an accident involving major property damage and/or extensive bodily injury to another party, your hard earned assets could be at risk. The cost of the property or bodily damage could very well exceed your coverage and you would have to pay out of pocket. Umbrella policies give you extra protection on top of your house and auto insurance policies; usually $1 million or $2 million.

Lawsuits are Common

People who believed they were wrong absolutely love to sue. Do you think you won’t get sued? You need to reconsider your place in the long story arc of the universe. A lawsuit could destroy all financial security you have—which may lead to further ramifications.

Rainy days happen, but they should get in the way of you and your family’s financial security. Umbrella insurance policies are here to prevent that. To find out how you can acquire an umbrella policy, contact Risk Management LLC for all of your Brookfield, Wisconsin insurance needs!

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

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