Umbrella Liability Policy – Do You Have One?

The parents of adolescent kids have increased legal liabilities.  Imagine they have some friends over and someone gets badly injured, especially if you have a swimming pool or live on a lake.  Or think about a car accident that is your kid’s fault and bad injuries or worse are involved.  When our oldest daughter entered junior high school, we got an umbrella liability policy from our insurance company to cover more than the standard liability coverage in our homeowner’s policy.  It doesn’t cost much for this coverage, even for $1M worth of coverage.  Your insurance agent can explain what is covered and how much is the right amount to get covered for.

See my other blog posts on parenting here.

Author: Gordon Daugherty

Over the past 15 years Gordon has seen nearly 1,000 startup pitches, advised more than 200 entrepreneurs and been involved with raising over $45M in growth and venture capital. Throughout his 28 year career in high tech, serving twice as President and three times as CMO, Gordon has both an IPO and a $200M acquisition exit under his belt. Now his emphasis is purely focused on helping startups and early stage tech companies. Through his Shockwave Innovations advisory practice and as Managing Director for Austin’s Capital Factory startup accelerator, Gordon is an active angel investor, VC and startup advisor.

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