In today’s business world having a General Liability Policy may not be enough. Depending on the type of business you operate, you could be at risk from one of the increasing number of lawsuits that are filed each year or some other unforeseen occurrence.
Commercial Umbrella Insurance is intended to pick up where your General Liability, Commercial Auto or Employer’s Liability policies leave off. So, your Commercial Liability policy won’t “kick in” until your other policy limits have been reached. Not having enough coverage for your business areas could leave your business vulnerable.
How much insurance coverage does your business need? There are a number of factors to consider.
Without the proper umbrella coverage, business owners may have to pay out of pocket for lawsuits, medical expenses or other damages that their current policy doesn’t cover. So give us a call today to find out more about commercial umbrella insurance.
In today’s business world carrying a liability limit of $1m may not be sufficient. The limit you should carry depends on a number of factors including the type of business you operate, the size of projects you participate on, the value of assets you are trying to protect, and the contracts you sign. A commercial umbrella policy provides an additional layer of protection against liability suits. It sits on top of your existing general liability, auto liability, and employers’ liability policies. Coverage is triggered once underlying limits are exhausted.
Unsure if you should carry an umbrella policy? Give us a call today!