What is an Umbrella Policy?
An umbrella liability policy is extra liability coverage that you can purchase above and beyond your standard liability insurance. If a liability claim exceeds the limits of your general liability coverage, this policy will start paying to help cover damages and legal costs. Usually, you would purchase an umbrella policy if you work in a business with high risk for lawsuits. If someone sues you and wins the lawsuit, the umbrella policy will help protect your company profits and personal income from large legal settlements.
Investment products are:
- Not a deposit
- Not FDIC Insured
- Not Insured by any federal government agency
- Not guaranteed by the bank
- May go down in value
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC
. Member FINRA
. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.