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Article: Umbrella insurance: over-reaching coverage for those rainy days.(executive briefcase)
- Article from:
- Reeves Journal
- Article date:
- September 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Let's start with a simple question: Why do you carry an umbrella? The easy answer is: To protect you from the rain, right? Well, not exactly. You also carry an umbrella to be prepared in case it rains, at least forward-looking people do. And business owners and professionals looking for the right insurance always have to be forward-looking, don't they?
In other words, an umbrella is an "insurance policy" in the event that weather disaster strikes. You may have a waterproof coat on. You may be wearing rain boots. You might have even picked a route to walk which provides you the maximum shelter from rainfall. But, you'll still carry that umbrella around with you ...