Commercial Umbrella Insurance
Commercial umbrella insurance was created to protect your business from a scenario where your regular insurance coverage isn’t enough. Umbrella liability insurance provides an extra layer of protection against bodily injury and/or property damage. Essentially, it picks up where your business auto liability, general liability or other liability coverage stops. It increases the liability limit that your company already has in existing, or underlying, liability policies and it broadens coverage for things that your underlying policies may not cover.
When Would I Need Commercial Umbrella Insurance?
• 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.
• An employee damages a customer’s property while performing a service and the damages are valued at more than the amount that your commercial general liability policy will cover.
Common industries that request commercial umbrella insurance quotes include:
• Country Clubs
• Golf Courses
• Cultural Institutions
• Financial Services
• Law Firms
• Printing and Publishing
• Professional Services
• Real Estate