Excess Liability

No matter the size of your company or how well it’s run, your business faces the potential of a devastating claim arising from an unforeseen event. Do you believe your business is properly covered in the event of one of these large claims? If not, there is a policy you can purchase in addition to your General Liability policy that will extend additional coverage for your business.


What is Commercial Umbrella Insurance?


Commercial Umbrella Insurance provides businesses with additional liability coverage to help protect them against potentially devastating cost of claims. If the cost of a claim exceeds the limits of the business’s underlying primary insurance policies, Commercial Umbrella Insurance extends liability coverage for an additional layer of insurance to further protect business assets. Without having this extra layer of protection, business owners could be faced with paying out of pocket for legal fees, medical bills, and damage expenses that are excess to their underlying liability policy.


What does Commercial Umbrella Insurance Cover?


A Commercial Umbrella Insurance policy increases business liability protection when the cost of a lawsuit exceed the limits of the primary underlying liability coverage. Say your underlying liability policy has already paid out $1 million for a claim, however, you are still liable for another $200,000. Your Commercial Umbrella policy can cover the remaining cost.


It’s important to keep in mind that if you are thinking of purchasing a Commercial Umbrella policy, the policy can only be applied to a claim if:


  • You have the appropriate underlying policy.
  • That policies limits have been exhausted.


Additionally, your underlying policy must have certain limits in order to qualify for purchasing a Commercial Umbrella policy. All things considered, a Commercial Umbrella Insurance can be an effective way to increase multiple policy limits relatively inexpensively.


Why We're Different

You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…

While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.

There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.

Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.

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