Founded in 1922, State Farm’s mission is to help its members manage the risks of their everyday lives, recover from the unexpected, and realize their dreams. State Farm’s Personal Umbrella Liability policy is to help provide additional coverage to individuals and businesses.
State Farm knows that those who are involved in a major insurance claim or lawsuit often experience financial loss. While most people have auto and home insurance, it’s not always enough. A State Farm Personal Liability Umbrella Policy (PLUP) can provide State Farm members with the additional liability coverage they need.
State Farm boasts that it provides additional liability protection at a reasonable price, protection against personal claims such as defamation of character, libel or slander, and minimum coverage of $1 million (can be increased by $1 million increments).
Professional Liability Insurance can help business owners pay for the defense costs and claims of negligence, error or omission. State Farm offers Professional Liability policies that were specifically designed for:
State Farm also offers a Business Owner Policy that offers property, general liability, and professional liability protection in a package. Listed below are businesses that can benefit from this package:
Additionally, State Farm offers the following types of liability insurance:
While State Farm boasts having liability protection at a reasonable price, there is little information about the policies. Also, there is no information about any requirements that a member must meet before applying for an umbrella policy. The site merely states that those interested will need to contact a State Farm agent.