A personal umbrella sits above your home, auto, and watercraft liability coverage and pays once those limits are exhausted. It may also cover certain claims the underlying policies do not, such as libel and slander, and typically pays legal defense costs. Umbrella policies generally exclude business activities, owned aircraft, and employment practices claims.
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Personal cyber insurance helps families recover from cyber extortion, fraud, identity theft, data restoration, and online harassment. Depending on the policy, it may cover some social engineering and wire fraud ...
The policy must reflect how the property is owned. The trust or LLC, its trustees or members, and the family members who live in the home should be properly named ...
Families who employ nannies, house managers, chefs, or other staff should consider workers' compensation, employment practices liability, and appropriate auto coverage. Florida does not require workers' compensation for most domestic ...
Many advisors suggest a limit at least equal to your net worth, adjusted for future earnings and specific exposures such as pools, docks, boats, rental properties, teen drivers, household staff, ...
