Sam owns his own business.He has several different types of insurance policies to cover various risks to his business.The policies have various coverage limits.Sam is considering purchasing a policy that would add coverage in excess of all these individual policies up to $1 million.The type of policy that Sam is interested in adding is:

Question

Quizplus · Accepted Answer

An umbrella policy is designed to provide additional coverage above and beyond the limits of other insurance policies. In this case, Sam is looking to add coverage in excess of all his other policies up to $1 million. Therefore, an umbrella policy would be the best choice for Sam.

Sam Owns His Own Business