Insurance considerations for businesses can be many and overwhelming, and even with the best coverage in place, there can still be limits. That’s where a commercial umbrella policy comes in. Designed to give businesses extra coverage for those costs that exceed policy limits, an umbrella policy can be a saving grace for businesses hit with a claim that results in…
By Bill Wilson A contractor is denied CGL coverage after a building that he worked on is damaged by a rainstorm. A contractor installs roof vents on a building that he first built 15 years ago. Although the contractor installs the vents properly, a severe rainstorm blows water through them and destroys about $15,000 worth of insulation and ceiling tiles….