Insuring you, your family,
and your property.
personal

Group Umbrella Insurance - Manhattan & Westchester County, NY, Fairfield County, CT & New Jersey

Wealthy individuals are increasingly the targets of personal liability suits that can put in jeopardy assets such as a house, investments and future earnings. For example, let’s say you have guests over your house and someone accidentally trips and falls into your pool, sustaining disabling injuries. Or, one of your kids while driving is talking on his cell phone and crosses the double yellow line, hitting another vehicle that causes both the driver and passenger to be paralyzed. These losses would be devastating, with judgments that could cost you millions – amounts that would not be covered by the limits in your auto or homeowners policy. At A.J. Benet, we provide organizations and companies with the ability to offer their high net worth executives and partners the opportunity to participate in a personal Group Umbrella Liability program, which is designed to protect them, their families and personal wealth.

A Group Umbrella policy is much like an individual umbrella, which extends the limits on your homeowners, auto, and other personal insurance liability coverages and provides additional funds to cover liability costs. So if you have a $500,000 liability limit under your auto policy, and you purchase a $5 million umbrella policy, you would have total limits of $5.5 million.

Advantages of a Group Policy

Because many individuals within one organization are covered under a Group Umbrella policy, you obtain some key additional benefits over an individual umbrella policy, including discounted rates. What’s more, under a Group Umbrella policy, any additional assets (such as the purchase of a vacation home) are automatically covered and won’t cause the premium to increase like individual umbrella coverage would. With a Group policy, you can obtain up to $50 million in coverage, and the policy may be tax deductible. Individual umbrella policies typically offer up to $5 million.

A.J. Benet can explain this program to you and your company’s eligible participants. The policy is issued under the name of the sponsoring organization (such as a business), with certificates of insurance issued to each participant with their individual limits. All individual information is kept confidential. Premiums can be deducted through payroll or company check.

Added liability protection to help secure your net worth from lawsuits.

We invite you to give us a call at your convenience at (888) 639-4560, or if you prefer email us or return the form on this page.

Since 1964, A.J. Benet has been serving residents in New York City, Pelham Manor, Pelham, New Rochelle, Larchmont, Mamaroneck, Harrison, Rye, Port Chester, Rye Brook, South Salem, Purchase, White Plains, Scarsdale, Eastchester, Bronxville, Armonk, Chappaqua, Briarcliff, Pound Ridge, Bedford, Mt. Kisco, and Katonah, New York; as well as in the Connecticut communities of Greenwich, Cos Cob, Riverside, Stamford, Darien, Rowayton, Fairfield, Westport, Southport, and New Canaan.