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Liability Insurance Tip:
Don't Forget about Umbrella Insurance
There is usually a maximum amount that an insurer will pay during your policy period. The insurance policy will also state how much the insurer will pay per occurrence. If you are sued for an amount higher than allowed in the occurrence cap, then your business will be expected to pay the difference. To cover this overlap, you can purchase umbrella liability insurance which will protect you above what is not covered by your other policy's limitations.
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