Commercial Umbrella Insurance
You never know when it might rain. So, just like the name implies, this type of policy acts like an umbrella, providing protection against a wide range of potential financial dangers and unforeseeable mishaps.
A commercial umbrella insurance policy is necessary for a business. It provides an extra layer of protection for situations where a lawsuit or major accident exceeds the limits of your underlying insurance coverage. It is designed primarily to provide liability coverage for catastrophic liability claims or judgments.
Why Do You Need a Commercia Umbrella Policy?
- To provide greater limits of liability for any one accident or occurrence.
- To provide coverage over an underlying policy aggregate limit that is reduced or exhausted by payment of damages.
What Can You Do to Protect Yourself
- Purchase a Commercial Umbrella Policy to add a second layer of protection against skyrocketing liability verdicts that can reach millions of dollars and quickly exhaust a policy’s primary limits leaving you dangerously exposed.
What Coverages Are We Offering?
- Additional limits of liability for coverages such as General Liability, Automobile Liability and Workers’ Compensation.
- Stand alone coverage or follow form coverage depending on underlying policies and carriers.
- Low self-insured retentions.
- Umbrella Limits starting at $1,000,000 and up.