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You may be sued at any time. Do you need an umbrella policy?

Check Your Suability Factor

Some individuals, particularly wealthier ones, have a higher than normal loss exposure to lawsuits. This tendency is often referred to as a suability factor. How suable you are can be determined by examining the following:

  • Size of your savings account and stock portfolio
  • Size of your real estate holdings
  • Family income 
  • Profile in the community and media
  • Leadership activities on not-for-profit boards
  • Leadership activities in home owners’ associations
  • Future income

People with a low suability factor should still strongly consider procuring a personal umbrella policy with at least $1 million in liability limits. People with a high suability factor nearly always need a personal umbrella policy with at least a $2 million limit. Remember that this is a relatively inexpensive policy that provides excess liability coverage over your homeowners and personal auto insurance policies. In some cases, it provides broader liability coverage than that found in the underlying policies.

Copyright 2012 – International Risk Management Institute, Inc.

Call us to help evaluate your “suability factor” so that you can protect your valuable assets in the event of a lawsuit. Please give us a call at 856-935-0845, or visit our website at

Henry D Young Inc is a TrustedChoice® Insurance Agency.

The information in this article is meant as a guideline only and is provided by. There is nothing in this article that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgements or decisions concerning your particular situation and coverage that may, or may not, apply.

Topics: Trusted choice insurance agentHomeowners insurancePersonal injury insuranceAutomobile insurancePersonal umbrella insurance