As a business owner, you may run an unusual business that has unusual or untypical needs. As a result, a standard business insurance policy may not meet your business’s needs. In situations like this, specialty insurance may be a viable option. Our Denver, CO team at AFI Insurance educates business owners with unique needs on the benefits of specialty insurance.
What is Specialty Insurance?
Specialty insurance is designed to provide coverage for businesses with unusual needs. For example, a business owner with high-risk investments or holdings may need more coverage than a typical business would. Also, your business may require you to get covered for items or circumstances that aren’t typically covered by a business insurance policy. This makes specialty insurance beneficial and useful for businesses with atypical or unusual needs.
Examples of specialty insurance include excess liability coverage and umbrella insurance. Both of these insurance policies kick in when the limits of your primary insurance policy have been reached. Specialty insurance provides coverage when your primary insurance limits have been met and coverage for items that aren’t included in a typical insurance policy.
Who Needs Specialty Insurance?
If you’re a business owner with unique needs that aren’t entirely met by your standard business insurance, specialty insurance may be a good investment for you. Specialty insurance will ensure you get the coverage you need, in the amounts you need for your unique specialty, service, or product. Call us if you have a business that may benefit from specialty insurance. We’d be happy to help you explore your unique needs and find insurance coverage to meet your business needs.