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Protect Against Risks With an Umbrella Policy

Part of the series provided by Chalmers Insurance Group
The Importance of Insurance and How it Can Protect Your Finances

In the event that someone is injured on your property and you are found legally responsible, you could be faced with a costly financial burden. In fact, without a personal umbrella liability insurance policy, any expenses beyond the limits of your standard policy are your responsibility. This applies to your insurance policies including: homeowners, renters, automobile, watercraft and more.

Personal umbrella liability insurance typically provides an extra layer of protection over your personal assets for when your standard liability coverage is exhausted.

Engaging in everyday activities can put you at risk for a lawsuit. Simple things like having a swimming pool or entertaining guests in your home, having a young driver in house, all can increase the chance that someone will get injured and sue you. To minimize your financial risk, consider a personal umbrella liability policy.

Why is a personal umbrella liability policy important?

It works to fill the gaps in your coverage and provides the following benefits:

  • When litigation ensues, it’s typically for a large amount. If you get into a car accident and injure several people, you could be sued for millions of dollars; well beyond the limits of your automobile policy. You can also be held responsible if your dog bites someone, if your child injures another kid in a fight or if a handyman hurts himself at your home.
  • Umbrella policies cover your costly legal fees because the insurance company assumes the risk for you.
  • Coverage is inexpensive and easy to obtain. Just give your Chalmers account manager a call to add it on to your current policy, 800-360-3000.
  • You’ll have peace of mind knowing that you are covered in case of a fluke occurrence.

How much coverage do you need?

Take into consideration your total personal assets and your potential for personal risks when determining how much coverage you need.

A wide range of factors, such as whether you have hired help, if you have teen drivers at home or if you operate your business out of your home, will determine how much coverage is appropriate for your circumstances.

What are the policy limits?

A $1 million limit is typical and higher limits are available.

Contact Chalmers Insurance Group today to determine how much coverage is right for you 800-360-3000.

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Chalmers Insurance Group Passes the Torch to the Next Generation

It is with great enthusiasm and excitement that Chalmers Insurance Group announces Bruce and Bill Chalmers have transferred ownership of the Chalmers Insurance Group to the fourth generation of Chalmers family members, Jim Chalmers and Dottie Chalmers Cutter, effective January 1, 2018.

Bill and I proudly leave the Chalmers Insurance Group in the hands of a Leadership Team that has largely been together since 2014 and eighty-six co-workers who each day carry on the 160-year tradition of providing quality insurance products and financial security to our community-based neighbors with personal and friendly service,” said Bruce Chalmers.

Our transition to the fourth generation has been carefully planned to set a balance for our entire family. Bruce and I are very proud of the end results and look forward to mentoring when asked. We are confident in Jim and Dottie’s abilities as leaders, combined with the experience, vision, and expertise of Steve Cote, President, to take Chalmers Insurance Group into the future and hopefully into the hands of the 5th generation,” said Bill Chalmers. 

The Chalmers brothers have worked side-by-side in this widely – respected family business for 44 years, cultivating impressive growth and sustained triumph through building strong relationships, making strategic acquisitions and actively supporting their communities and causes for which they are passionate. I am forever grateful for the life and business lessons learned through the words and actions of Bruce and Bill,said Steve Cote.

Bruce and Bill will assume new roles as valued Directors and Mentors (and, of course, continue as great dads!) Jim and Dottie are proud and honored to embrace a rare opportunity to steward their family’s organization to the 5th generation.

This is an exciting time to be in Insurance and to own and operate a business. Our industry and consumer demands are more diverse and complicated than ever before. Future success requires mindful planning and fearless execution – adapting to new times and differentiating from the competition in meaningful ways that bring value to all relationships. We are privileged to partner with our management team and co-workers to address these challenges head on – to support a more innovative and engaging workplace and offer a more interactive and resourceful risk management experience for our clients. We are most thankful to our dads for a tremendous opportunity and for their trust in us to take this great family-owned and operated business into the future,” said Dottie and Jim.

Chalmers Insurance Group:
Proud of our history. Excited for our future.

Chalmers Insurance Group thanks their clients and carrier partners for their loyalty and partnership and are most pleased to share their exciting news with you.