Umbrella policy........anyone??

Discussion in 'Business Operations' started by Earthworks Landscaping, Feb 5, 2008.

  1. Earthworks Landscaping

    Earthworks Landscaping LawnSite Member
    Posts: 22

    My business runs under a Partnership type organization. This can potentially leave us open to confiscation of our personal assets. I purchased an Umbrella policy today. Its was an additional $640.00 per year for a 3mil policy plus our 1mil liability. Does anyone else have an umbrella? Just curious....
  2. shane mapes

    shane mapes LawnSite Senior Member
    Posts: 537

    yes i do on my personal and bus. but my bus. partner does not . so i wounder how that will play out . if i'm covered but he is not is it tough luck on him or what ????
  3. Fordsuvparts

    Fordsuvparts LawnSite Senior Member
    Posts: 517

    We have a 4 million dollar Umbrella on top of our 5 Million, we had to pick it up to do a Project For a super-Wal-mart. About 1200 a year more.

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