Commercial umbrella insurance supplements your existing insurance policies to give your business an additional layer of protection.
Most business insurance policies – both commercial liability and commercial property – have a payout limit, leaving responsible for expenses above and beyond the limit.
That’s when your commercial umbrella policy kicks in.
For example, if you have a $500,000 business liability policy, but you incur $700,000 in damages to your business, you’d pay the $200,000 above the limit of your policy. However, if you have a commercial umbrella policy, that policy will pick up the remaining $200,000.
It’s an affordable option for an extra layer of protection.
Contact us to find out how an umbrella policy can protect your business.