Nobody is requiring your clients to purchase a personal umbrella policy, which makes it unlikely that they’ll ask you about the coverage. Here are four ways to start the conversation—and keep returning to it.
Independent agent Priya Arora finds that many of her clients think they don’t need the added protection that a personal umbrella provides. “They don’t like to think about lawsuits, but they need to be educated about the risk,” she says.
Among the most common personal umbrella myths is the idea that this type of policy is only for the wealthy.
As personal umbrella carriers grapple with rising severity, here are three consequences you can expect for your agency’s personal umbrella book.
Independent agent Laurie Noel always offers personal umbrella coverage because “underlying policy limits are not always enough,” she says. “With the increasingly litigious society we’re all living in, personal umbrella has become more important than ever
With its new and improved commercial umbrella form, Liberty Mutual offers clarity to the complex world of umbrella and excess insurance.
After a cat-heavy year, many commercial lines are gearing up for significant rate increases. But commercial excess isn’t necessarily one of them—which makes it a good time to have a conversation about changes in these insureds’ operations.
Before moving into insurance, Jeffrey W. Howard was an accountant. “In the public accounting world, you find a lot of issues with a company, but because of your required independence, you’re not allowed to consult and help fix that. That really irked me,
It may not be the easiest insurance product to convince someone to purchase, but a personal umbrella can bridge a lot of gaps in the average client’s insurance plan. Here are three signs your client may need a personal umbrella—and how to make the case.
How can you help your clients understand why purchasing a personal umbrella is worth it? Independent agent Kathy Justice starts by asking questions.