Commercial Umbrella Insurance

What is Commercial Umbrella Insurance?

Commercial umbrella insurance gives you an extra layer of liability protection. It complements your other liability coverages by helping to cover a claim when those coverage limits have been reached. 

How Does Commercial Umbrella Insurance Work?

A commercial umbrella policy sits over the top of multiple underlying policies. Rather than buying high limits on several individual policies, a commercial umbrella policy gives you broader protection. In the event of a claim, once the liability limit of an underlying policy is reached, a commercial umbrella policy steps in with additional liability protection. 

Commercial umbrella insurance is different than an excess liability policy, which typically sits over top of a single policy and does not offer as broad protection. 

What Additional Items Does Commercial Umbrella Insurance Cover?

With commercial umbrella insurance, you can avoid paying out-of-pocket for claims-related expenses outside your general liability, commercial auto, or employer’s liability policy limits. Examples of the expenses could include: 

• Legal costs
• Medical bills
• Damage to other people’s property
• Judgments and settlements when your company faces a lawsuit

*The specific coverage provided will depend on your policy.

Do You Need a Commercial Umbrella Insurance Policy? 

We recommend you consider a commercial umbrella insurance policy if any of the following apply to you: 

• Customers come on your premises 
• Your employees work in people’s homes or properties
• You work with hazardous products
• You have company vehicles 
• You produce a product
• You care about your company’s reputation

Don’t let your company’s assets ꟷ or even your personal assets ꟷ be placed in financial jeopardy. To learn more about our commercial umbrella insurance, reach out to us today, or give us a call at 1-800-533-0472.

“The information herein is for general information and risk prevention only and should not be considered legal advice.  The illustrations herein are for the purposes of discussion only and should not be considered coverage advice.  Coverage will be determined by solely by the terms and conditions of your policy.  Qualified counsel should be sought regarding questions specific to your circumstances.”