About Commercial Umbrella Insurance
What is Commercial Umbrella Insurance?
A Commercial Umbrella policy provides additional liability coverage that kicks in when the limits of your underlying policies — General Liability, Business Auto, or Employers' Liability — are exhausted. In today's litigious environment, a single large lawsuit can exceed the limits of a standard policy.
What Does It Cover?
Commercial Umbrella insurance extends protection across your existing policies:
- Excess liability over your General Liability policy
- Excess liability over your Business Auto policy
- Excess coverage over Employers' Liability
- Broader coverage for certain claims not covered by underlying policies
- Protection against large jury awards and settlements
- Legal defense costs above underlying policy limits
How Much Coverage Do You Need?
Many businesses carry $1 million to $10 million in umbrella coverage. Given the relatively low cost compared to the protection provided, umbrella policies are one of the most cost-effective ways to safeguard your business.
A commercial umbrella policy is one of the most affordable ways to dramatically increase your liability protection. For a fraction of the cost of raising limits on individual policies, you can add millions in additional coverage.