Business Umbrella Insurance is designed to offer additional coverage when your existing liability policies (such as general liability, commercial auto, and employer’s liability) reach their limits. It acts as a safety net, ensuring that your business is protected against claims that exceed primary policy coverage.
Umbrella insurance kicks in after the underlying policy limits are exhausted.
It supplements your existing policies, enhancing your liability coverage.
Offers higher limits to protect against unforeseen, high-cost claims.
Provides additional coverage beyond existing policy limits.
May cover some claims not included in primary policies, depending on the insurer.
Covers legal fees and defense costs that exceed your base policy limits.
A lawsuit claim exceeds your general liability coverage due to a severe customer injury at your business.
An auto accident involving a company vehicle results in damages surpassing your commercial auto insurance limits.
An employee lawsuit for wrongful termination requires payments beyond your employer’s liability coverage.
Contact us today for a customized Business Umbrella Liability Insurance quote!
Umbrella insurance provides additional coverage limits and may cover more types of claims than your existing policies, while excess liability typically offers extra limits for a specific underlying policy.
It’s not legally required but is highly recommended for businesses seeking extra protection against significant financial liabilities.
Consider your business’s risk exposure, industry standards, and financial assets. Our experts can help tailor a policy that meets your specific needs.
Yes, it can extend to professional liability, offering additional protection beyond your primary professional liability insurance.
Umbrella insurance mainly increases liability coverage limits. For property damage and theft, you’ll need to review your commercial property insurance policy.
It seamlessly integrates with your existing policies, providing an additional layer of coverage once your primary policy limits are exhausted.
Factors include your business size, industry, coverage limits, and underlying policy details.
Yes, but you’ll need to ensure that the umbrella policy adequately covers the limits of your existing policies.
Yes, exclusions can include intentional criminal acts, liability under workers’ compensation laws, and liabilities known prior to the policy period.
It activates immediately after the underlying policy limits are reached, ensuring no gap in coverage.
