What is Commercial Umbrella Insurance?

Commercial Umbrella Insurance provides businesses with additional liability coverage to help protect them against the potentially ruinous costs of claims. Significant assets can be at risk when businesses are the target of lawsuits. If the cost of a claim exceeds the limits of a business’s underlying primary insurance policies, Commercial Umbrella Insurance extends liability coverage for an additional layer of insurance to further protect business assets. Without Commercial Umbrella Insurance, business owners could be obligated to pay out of pocket for legal fees, medical bills, and damage expenses that exceed the limits of their underlying primary business coverages.

What Does Commercial Umbrella Insurance Cover?

A Commercial Umbrella Policy  increases business liability protection when the costs of a lawsuit exceed the limits of the primary underlying business liability coverage. So, a commercial umbrella insurance policy will help protect a business when accidents such as the following happen:

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 limit

How Does Commercial Umbrella Insurance Work?

The Commercial Umbrella Policy is so flexible, it even extends the liability coverage of policies your business has with other insurance companies when the cost of a covered claim exceeds the limits of that primary coverage.