The Benefits of an Umbrella Insurance Policy

Here is an excerpt from a new blog post at GreggMarcus.com:

It is a common misconception among homeowner’s that their general auto and homeowner’s insurance policies have enough coverage to protect assets should an accident occur. No one ever expects an accident to happen but when there is an accident, there is a very high possibility of a lawsuit that is above your policy limits and this can financial burden on your family. In this post, Gregg S. Marcus, a Long Island Insurance Executive discusses the benefits of an umbrella insurance policy.

An umbrella insurance policy, which is considered a form of extended liability insurance, pays for any amount that goes above the liability limit on your home or auto insurance policy. Umbrella insurance is not just for the rich; everyone can benefit from it since its coverage is very affordable. When an insurance claim is filed, most of the money that pays for liability expenses comes from your regular insurance plan, which is why regular insurance is more expensive. Umbrella insurance coverage is only used when the expenses go above and beyond that amount, and therefore makes it much less costly.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.

FAQ: What is a Business Owner Policy (BOP) and How Does it Work?

Here is an excerpt from a new blog post at GreggMarcus.com:

A Business Owner Policy (BOP) is an insurance package that assembles the basic insurance policies required by a small business owner in one simple bundle. Since it is a single policy, it is always cost-effective; costing less money than if you had purchased each individual policy separately. Gregg S. Marcus, is a Long Island Insurance Executive, answers the most commonly asked questions about a Business Owner Policy below:

Is a Business Owner Policy (BOP) right for my business?
Business owner policies are specifically designed for small to medium sized businesses such as retailers, wholesalers, service businesses and small offices. A BOP is not recommended for larger companies or for manufacturers who can face greater liability risks.

How does a BOP protect my business?
Business owner’s need to protect more than what an individual policy would cover. In order to protect your buildings, equipment and products, a BOP contains property coverage. It also protects your business from lawsuits with liability coverage. Since every business is different and carries different risks, a BOP can be customized to fit your needs.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.