Business Umbrella Coverage Insurance
This type of coverage is called “Umbrella Liability” because it covers your business like an umbrella. It provides your business with additional insurance protection, beyond the limits of your general liability policy.
You can add umbrella liability coverage to the following policies:
- General liability
- Auto
- Hired and non-owned auto liability
- Employer’s liability policies
This is how it works: if your general liability policy provides $1 million, but a claim settlement provides for $1.5 million, your umbrella policy would provide the additional $500,000. This is similar to the type of protection you may already have with your personal insurance. This type of protection does the same thing except for your business.
It is important to note however, that umbrella coverage cannot be used to supplement your professional liability insurance.
Take the Next Step
In our increasingly litigious society, more and more companies are purchasing excess liability/umbrella coverage. A single event, without the proper insurance protection, can have devastating results on your business. Contact us to find out how we can integrate all of your insurance coverages, including umbrella liability.
Thought Leadership
Home Modifications for Seniors
Wellderly Week is observed in the U.S. on the third week of March. We should celebrate our elders every day of the year but it’s
Termites: Are You Sharing Your Home With an Unwanted House Guest?
Every homeowner’s worst nightmare, unwanted guests! Silent, tiny and incredibly sneaky, termites build colonies 24/7 and lose no sleep or sweat over it. Homeowners insurance
Valentine’s Day is on National Donor Day
Valentine’s Day has a new meaning when you need an organ transplant to survive. 120,000 Americans currently waiting for precious organ transplants depend on the
