So the limit that’s required or the limits that are suggested on a policy – whether it be liability or umbrella, your auto liability – we have standard recommendations that we have within our agency and we would get into those on a call, but a lot of times where the conversation goes is, what’s required of you by the people who pay you. A lot of times you end up where you’re a subcontractor working for a general contractor, and they might require a million liability limit on the umbrella. Another one might require 5 million. So what you’re required to have is usually what dictates it for a lot of companies.

At the same time, we always recommend having a million combined single limit on the auto, a million general liability, a million across the board on workers’ comp, and then consider an umbrella if it fits financially for your business. There are countless ancillary coverages that you certainly should consider, but doing an account review is a great way to have the opportunity to discuss all those specific coverages on an as-needed basis for your specific business, because every business is different.

You might be a carpenter that might operate differently than another carpenters or a mom and pop shop that does donuts. Another one might do lunch and dinner as well. So it all depends on your specific business and the exposures there.

We’d be happy to review your insurance coverage options with you! Give us a call at (508) 998-3228 or visit https://pd-ins.com.