Commercial Umbrella Insurance
Running a business comes with risk — and sometimes, even the best protection isn’t enough.
A commercial umbrella insurance policy provides an additional layer of coverage beyond your existing liability policies, helping safeguard your company from catastrophic financial losses.
Why Your Business Needs Umbrella Coverage
Like a personal umbrella policy, a business umbrella policy covers large or unexpected claims that exceed the limits of your underlying insurance.
It can be the difference between recovering from a major loss or closing your doors permanently.
Umbrella liability coverage steps in when your general liability, commercial auto, or employer’s liability policy reaches its limit, covering the remaining costs associated with bodily injury, property damage, or legal defense.
Real-World Examples
Consider a few situations where a commercial umbrella policy could protect your business:
- A company holiday party results in intoxicated guests causing injuries or property damage.
- A carbon monoxide leak in your building leads to injury or death.
- A client accuses your business of failing to deliver professional services, resulting in financial loss.
In these cases, standard liability coverage might not be enough. An umbrella policy ensures you’re protected from the financial fallout of large, unpredictable claims.
How Umbrella Coverage Works
Umbrella insurance activates when a covered claim exceeds your existing policy limits.
For example:
Your general liability policy covers up to $1 million, but you’re successfully sued for $1.5 million.
Your commercial umbrella policy pays the remaining $500,000 — preventing a major financial loss.
Key Benefits
- Extra Liability Protection – Extends coverage beyond the limits of existing liability policies.
- Broad Coverage – Applies to multiple types of business risks, including bodily injury, property damage, and legal costs.
- Affordable Security – Provides high-value protection at a relatively low cost.
- Peace of Mind – Ensures your business is protected against catastrophic, unpredictable losses.
Determining Your Coverage Needs
Every business is different. The amount of umbrella coverage you need depends on several factors:
- The type of business you operate
- The liability coverage you currently carry
- The value of your assets and what you want to protect
- The level of risk exposure in your industry
We can help you evaluate your current policies, identify coverage gaps, and determine whether umbrella or excess liability insurance is the right fit for your business.
Protect Your Business from the Unexpected
Owning a business always involves risk — but going without proper insurance is riskier.
A commercial umbrella policy provides the financial protection your business needs to survive a major loss or lawsuit.