To add an extra layer of protection to your medical practice, consider an umbrella or excess liability insurance. This coverage provides additional liability coverage beyond the limits of your primary policies, offering an extra safety net against catastrophic events or large-scale claims. Umbrella/excess liability insurance becomes crucial when the limits of your primary policies are exhausted, ensuring that your practice’s assets and future earnings are safeguarded. By obtaining this coverage, you enhance your practice’s ability to weather significant financial challenges and potential lawsuits.