In today’s litigious society, people are filing more lawsuits and receiving larger judgments. Everyone needs to consider buying umbrella or excess liability insurance to protect their current and future assets against a catastrophic loss.
“It is a financially sound idea for everybody to consider it, regardless of personal asset holdings,” says Erin Powers, CIC, assistant vice president at Momentous Insurance Brokerage, Inc. “The worst feeling is finding out at claim time that you could have had more protection if you had spent the extra few hundred dollars on an umbrella policy.”
Smart Business spoke with Powers about how to protect yourself with a personal umbrella policy.
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Erin Powers has been in the insurance industry since 1994. She obtained her Property & Casualty license in 1998 and became a Certified Insurance Counselor in 2008. Erin has worked with high net worth individuals and business management since 2003, focusing on Personal Lines. She is committed to providing the highest level of customer service and finding creative solutions for clients’ insurance portfolios.
Smart Business Network Inc. is a multi-media company with 20-plus years of history in producing the highest quality content, events and marketing materials. Smart Business Magazines and Events focuses in on C-level executives of fast-growth, middle-market and large companies to put out informational journals in local markets and full scale networking events across the country.
Momentous Insurance Brokerage Inc. is a top 100 full-service company dedicated to providing the highest caliber of insurance and risk management consultation. The company specializes in designing insurance programs for high net worth individuals, music & touring artists and companies, film & TV productions, large and small businesses, as well as life, health and disability for individuals and groups.