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I am a self-employed individual offering professional services
to my (mostly individuals) clients. I started my business with
the idea of not bringing my clients to my home office to limit
my personal liability exposure, but in many cases the clients
still show up at the very least to drop something off at my
house mailbox. So now the issue is buying umbrella liability
Has anyone done this lately? Can anyone share their bad and good
experiences in doing this? What should I be watching for? Are
there any good internet resources specializing in umbrella
insurance? Is there something you wished you knew before you
bought your insurance that you could be willing to share with me?
I would appreciate any piece of advice and/or recommendation.
My husband and I purchased an umbrella liability policy about
1.5 years ago through Allstate. It was relatively easy to do
and not that expensive. I discovered in my research that in
order to issue such a policy, an insurer wants to have your auto
and home insurance policies too. I believe that they insisted
on home/auto insurance coverage at a certain level in order to
issue the umbrella policy, so that may limit your options of
where to look.
We also have a home office with clients occasionally dropping
by. Our homeowner's carrier offered us a rider that would cover
the home office. If your carrier doesn't offer that option, you
may want to consider a business-office policy. An umbrella is
excess only to what you already have. So if you don't already
have coverage for your business, an umbrella may not help.
this page was last updated: Feb 8, 2004
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