Do I need Umbrella Insurance?

CPA Risk Management Crash Course Quiz

Get your answer with our one minute quiz!

TAKE QUIZ

You may have risks and situations that you may not be aware of that increase your risk exposure. Take the quiz to assess whether Umbrella Insurance is right for you. Assess your risks by taking our Interactive Quiz!

Financial Risk Assessment

Q1: Do you own a home?
Yes

No

Q2: Do you have savings or assets (e.g., retirement accounts, investments)?
Yes

No

Q3: Is your household income over 6 figures now and likely to increase significantly in the future?
Yes
No

Liability Exposure

Q4: Do you own rental properties or investment properties?
Yes
No
Q5: Do you have a swimming pool, trampoline, or other potential hazards on your property?
Yes
No
Q6: Do you host large gatherings or parties at your home?
Yes
No
Q7: Do you own a dog or other pets that could potentially cause injury?
Yes
No

Professional & Personal Risks

Q8: Do you have teenage drivers or multiple vehicles in your household?
Yes
No
Q9: Do you participate in activities that could lead to lawsuits (e.g., coaching sports, volunteering, social media influence)?
Yes
No
Q10: Are you at risk of being sued due to your profession, status, or visibility (e.g., doctor, lawyer, business owner)?
Yes
No

$0

average AICPA claim, personal injury 2007-2019.1

Claims

The majority of claims under umbrella policies are auto-related.

Teen Drivers

are more than 3x as likely to engeage in risky behaviors when driving with passengers.2

0

million people are bitten by dogs each year, most of them children.3

1CNA Claims data, June 2019
2National Highway Traffic Safety Administration Teen Safe Driving: How Teens Can Be Safer Drivers | NHTSA
3Spotlight on: Dog bite liability | III