Commercial Umbrella

If you own a business, you probably have some form of general liability insurance to protect you in the event of a lawsuit due to negligence on your part. However, there may be situations where the limits of your general liability policy may not provide adequate protection. A commercial umbrella can provide you and your business with additional liability protection.

As a commercial umbrella policy provides liability limits in excess of those on your general liability policy, you and your business can enjoy additional protection in the event of a catastrophic event that may result in hundreds of thousands or even millions of dollars being awarded to plaintiffs in a lawsuit as a result of your negligent act. Commercial umbrella policy coverage types and amounts will vary depending on the issuing company.

Commercial umbrella policies can be a good value because they provide much additional insurance protection for a relatively small premium. This is because umbrellas are considered secondary coverage, meaning that your primary policy limits must first be exhausted before coverage takes effect from your commercial umbrella policy.

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