Commercial Umbrella Insurance
Protect your business beyond the limits and coverages of other existing policies you may have.
What is a Commercial Umbrella Policy?
With this type of commercial insurance coverage, you will not have to pay out of pocket for liability claims up to the limit of the umbrella policy if these claims exceed the limits of your business insurance policy. This can include:
- Legal costs
- Medical bills
- Damage to other people’s property
- Judgments and settlements
What are the benefits of a Commercial Umbrella Policy?
Corporate Insurance Solutions can help you find a flexible commercial umbrella insurance policy which can extend the liability coverage of policies you may have with other insurance companies. So, if you have an insurance policy from another insurer, we can help extend that policy.
Note: Commercial umbrella insurance does not cover every kind of claim. It also does not extend the limits of certain types of policies, like commercial property insurance. To learn more about what is and is not covered, contact us today to speak with one of our knowledgeable representatives.
Corporate Insurance Solutions can help you find a flexible commercial umbrella insurance policy which can extend the liability coverage of policies you may have with other insurance companies. So, if you have an insurance policy from another insurer, we can help extend that policy.
Note: Commercial umbrella insurance does not cover every kind of claim. It also does not extend the limits of certain types of policies, like commercial property insurance. To learn more about what is and is not covered, contact us today to speak with one of our knowledgeable representatives.
What are the limits of a Commercial Umbrella Policy?
Insurance companies write umbrella policies with varying limits depending on your needs. These limits can range from $1 million to $15 million. This means your insurance company will only cover claims up to that amount.
How much does Commercial Umbrella Insurance cost?
Like all insurance policies, cost varies depending on your needs. Your commercial umbrella insurance cost can depend on your:
- Business size
- Industry
- Underlying coverage amount
Note: Some industries face more risks than others, which can increase insurance costs. For example, a construction business would most likely pay more than a retail business.