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Without this coverage, many businesses face the possibility of having assets and/or income seized to pay a legal judgment. The umbrella policy substantially accomplishes this task for you. It is designed primarily to provide liability coverage for catastrophic legal claims or judgments.
The umbrella policy requires the policy owner to carry certain underlying liability coverages of specified minimum amounts. If a claim is made under an underlying policy, the umbrella policy will pay only after the limits of the underlying policy are exhausted.
The following are coverage definitions that will better help you understand
insurance. Contact us any time regarding quoting or adding any coverages
you may not already have.
Property
Liability
Other
Coverages
