An umbrella policy was created to provide additional coverage when a lawsuit brought over injuries and/or property
damage that you cause exceeds the liability limits on your commercial insurance. A large loss could impact the business success you've worked so hard to achieve and destroy your hopes for a bright future, our umbrella policy is designed to protect you beyond the limits of your existing policies regardless of insurer.
It's a smart, affordable policy option that helps protect the business you've worked so hard to build.
An umbrella policy has three advantages
- Additional lawsuit coverage of $1 million or more.
- Added coverage for defense costs, which can easily amount to $100,000 or more.
- Liability coverage for some lawsuits not covered by your underlying commercial insurance.
What Does Commercial Umbrella Cover?
- A customer slips on a wet floor in your office and injures himself. The medical costs of the injuries exceed your general liability policy’s limits.
- An advertising error results in major lawsuits against your business with costs that exceed your primary business liability insurance coverage limits.
- A fire originating from your operation destroys neighboring businesses.
- One of your products causes illness or injury to a customer.
I have my Policy With Another Company
Our policies extends the liability coverage of policies your business has with other insurance companies! This policy works to extend any of your commercial policies no matter who with.
If you're sued for $1.5 million but only have $1 million in general liability insurance a Commercial Umbrella Insurance policy could pay the outstanding $500,000, leaving your business assets or profits untouched. It's our best defense against an unusually high loss when the limits of an underlying policy have been reached.
If you are a small business owner, you might think they can't take what you don't have. Think again—a court can seize the business assets you currently have and even allocate future earnings to satisfy a judgment against you. It's never too soon to invest in umbrella coverage.