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.
A commercial umbrella policy serves 2 distinct purposes:
- It increases the liability limit that your company already has in existing, or underlying, liability policies. For instance, if your general liability policy offers $1 million coverage per occurrence or $2 million total, you could get a $2 million umbrella policy and increase those limits to $3 million per occurrence and $4 million total.
- It broadens coverage for things that your underlying policies may not cover. For instance, if your auto liability policy covers accidents that might occur in a specific area, an umbrella policy could expand the coverage territory.
Let’s Talk About Your Business Umbrella Insurance
Reach out to one of our trusted insurance advisors today. We will help find you the right business umbrella insurance. You are under no obligation, we just want to give you some friendly advice.