Introduction
Hey readers! Welcome to our comprehensive guide to Aon AICPA umbrella insurance. ## Image of aon aicpa umbrella insurance
As a professional, you’re always at risk of being sued. Even if you’re careful and follow all the rules, there’s always the chance that someone will make a claim against you. That’s where umbrella insurance comes in. Umbrella insurance provides an extra layer of protection beyond your regular liability insurance, so you can rest assured that you’re covered in the event of a lawsuit.
In this article, we’ll discuss everything you need to know about Aon AICPA umbrella insurance, including what it covers, how much it costs, and how to get a quote.
What is Aon AICPA Umbrella Insurance?
Aon AICPA umbrella insurance is a type of excess liability insurance that provides coverage for lawsuits that exceed the limits of your underlying liability insurance policies. This can include coverage for claims such as:
- Bodily injury
- Property damage
- Slander and libel
- Malpractice
- Wrongful death
Umbrella insurance can be purchased in addition to your existing liability insurance policies, such as commercial general liability (CGL) insurance and professional liability insurance.
Why Do You Need Aon AICPA Umbrella Insurance?
There are several reasons why you might need Aon AICPA umbrella insurance, including:
- You’re a professional who is at risk of being sued. If you’re a doctor, lawyer, accountant, or other professional, you’re at risk of being sued for malpractice or other types of negligence. Umbrella insurance can provide you with the extra protection you need to cover the costs of a lawsuit.
- You have a high net worth. If you have a high net worth, you’re more likely to be targeted by lawsuits. Umbrella insurance can help protect your assets from being seized in a lawsuit.
- You want to protect your business. If you own a business, umbrella insurance can help protect your business from being sued. This can be especially important if your business is at risk of being sued for defamation, libel, or other types of torts.
How Much Does Aon AICPA Umbrella Insurance Cost?
The cost of Aon AICPA umbrella insurance will vary depending on several factors, including:
- The amount of coverage you need
- The type of coverage you need
- Your deductible
- Your claims history
In general, umbrella insurance is relatively affordable. For example, you can purchase a $1 million umbrella insurance policy for around $200 per year.
How to Get a Quote for Aon AICPA Umbrella Insurance
To get a quote for Aon AICPA umbrella insurance, you can contact an insurance agent or broker. You can also get a quote online from Aon’s website.
When you’re getting a quote for umbrella insurance, it’s important to compare the quotes from several different insurance companies. This will help you find the best coverage at the best price.
Table: Comparing Aon AICPA Umbrella Insurance Policies
The following table compares the features of different Aon AICPA umbrella insurance policies.
| Feature | Policy A | Policy B | Policy C |
|---|---|---|---|
| Coverage limit | $1 million | $2 million | $3 million |
| Deductible | $500 | $1,000 | $1,500 |
| Annual premium | $200 | $300 | $400 |
Conclusion
Aon AICPA umbrella insurance is a valuable addition to any professional’s insurance portfolio. It can provide you with the extra protection you need to cover the costs of a lawsuit, and it’s relatively affordable. If you’re a professional, we encourage you to consider purchasing Aon AICPA umbrella insurance.
To learn more about Aon AICPA umbrella insurance, please visit our website or contact an insurance agent or broker.
Other Articles You Might Be Interested In
- [What is Professional Liability Insurance?](link to article)
- [How to Choose the Right Commercial General Liability Insurance Policy](link to article)
- [5 Ways to Protect Your Business from Lawsuits](link to article)
FAQ about Aon AICPA Umbrella Insurance
What is Aon AICPA Umbrella Insurance?
It is additional liability coverage that provides a higher limit of protection beyond the limits of your primary business or auto insurancepolicies.
Who needs Umbrella Insurance?
Business owners, homeowners, and individuals with high net worth or exposure to potential liability claims.
Why choose Aon AICPA Umbrella Insurance?
It is specially designed for AICPA members, offering competitive rates and tailored coverage to meet your unique needs.
What does Umbrella Insurance cover?
It covers a wide range of liability claims, including bodily injury, property damage, libel, slander, and false arrest.
How much coverage do I need?
The amount of coverage you need depends on your individual circumstances, such as your assets, income, and level of risk.
What is the deductible?
The deductible is the amount you pay out-of-pocket before Umbrella Insurance kicks in.
How do I file a claim?
You can file a claim by contacting Aon or your insurance agent.
How long does it take to process a claim?
The claims process can vary depending on the complexity of the claim.
What is the cost of Umbrella Insurance?
The cost varies based on factors such as the amount of coverage, your risk profile, and your location.
How can I get a quote?
You can contact an Aon insurance professional or visit the Aon website to get a personalized quote.