Commercial Umbrella Insurance

When it rains, it pours…

Especially when it comes to unexpected accidents or claims…

What is umbrella insurance?

You never know when it might rain. So, just like the name implies, this type of policy acts like an umbrella, providing protection against a wide range of potential financial dangers and unforeseeable mishaps.

Umbrella insurance does not cover:

  • Your own medical expenses
  • Losses to your property

However, what exactly is covered by your umbrella policy depends on how you decide to set it up.

In most cases, umbrella insurance protects you from:

  • Injuries you or your employees may cause in a car accident
  • Injuries someone suffers on your property
  • Property damage you or your employees cause in an accident
  • Attorney fees and other legal costs

Yes, your existing insurance may protect you to an extent, but an umbrella policy goes much further for less cost than increasing the limits on your existing policy because it covers for different types of risks.

Since the terms of umbrella insurance policies will vary, depending on insurance companies and your business needs, a qualified insurance agent from our firm is the best person with whom to discuss the benefits, restrictions, and coverage from each carrier they represent.

Umbrella insurance is useful for businesses of any size to carry.

Ask yourself: How long would it take you to pay that off? It could sink your business.

Umbrella insurance covers the amount that exceeds your base coverage, sparing you from a financial nightmare, along with paying the attorney to help you survive it.

Are umbrella policies expensive?

Relative to the amount of protection you get, umbrella insurance is highly affordable. Especially since it’s unlikely you will ever have to make a claim against it. So, your specific cost will be determined by:

  • The amount of coverage you purchase
  • Your insurance carrier’s provisions
  • Your risk profile 

Tell me again why I need Umbrella Insurance?

A long time ago, you set some goals, made a plan, worked hard, and got “there.” As you did, you built a business that is worth something.

You are rightly proud of these accomplishments. In fact, you have protected them with the best insurance you could.

Now, you need extra protection, an umbrella insurance policy. A policy that will cover you above and beyond what any single policy might cover.

For example: What are your limits on your liability policy?

Okay, you say, the insurance will cover it. But what if the amount is over the policy limits?

Your standard liability policy is likely not going to be enough to cover what the plaintiff is asking for.

How will you pay the judgment? How will you even defend yourself in such a lawsuit? Can you actually lose all you have strived for?

You sure can. If you find yourself in a situation where you are not adequately covered, you could lose your whole business, for what is usually a relatively affordable price, umbrella insurance can help make sure that doesn’t happen.

Why We're Different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

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

Contact us today, and we'll help you protect what matters most.