What is commercial umbrella insurance?

Commercial umbrella insurance provides an extra layer of liability protection by covering costs that go beyond your other liability coverage limits. In other words, commercial umbrella insurance complements your other liability coverages by taking over when your other liability coverage limits have been reached.

What does commercial umbrella insurance cover? It helps increase your business’s liability coverage when the cost of a lawsuit exceeds the limits of your core business coverage. Watch this video to learn more about what commercial umbrella insurance coverage is and why your business may need it.

For example, if your company is found liable for a customer’s injury at your place of business and you are sued for $1.5 million but only have $1 million in liability coverage, a commercial umbrella policy could make up for the $500,000 shortfall, subject to the policy’s coverage limits.

How Does Commercial Umbrella Insurance Work?

What Does a Commercial Umbrella Policy Cover?

Commercial umbrella insurance extends the limits of certain liability policies. This includes general liability insurance and commercial auto insurance. Another name for this coverage is business umbrella insurance.

Our commercial umbrella insurance is flexible. It can extend the liability coverage that you may have with other insurance companies. So, if you have a commercial auto insurance policy from another insurer, we can give you an additional layer of protection and extend its limit.

Be aware that commercial umbrella insurance is different than excess liability insurance. Excess liability coverage extends the limits on one specific liability policy. Commercial umbrella insurance is a type of excess liability insurance that extends the limits of different policies, which gives the insured broader protection.

Let’s say one of your employees gets into an accident while making a delivery to a customer. They accidentally crash into someone else’s car, causing significant damage and injuries. The costs to repair the damages, in addition to the medical bills, exceed your business’ liability limits.

Excess liability coverage can help pay for the costs that exceed your commercial auto or general liability policy.

Commercial umbrella insurance can help cover the costs exceeding the limits of both your commercial auto and general liability policy.

What Does a Commercial Umbrella Policy Cover?

Broadly speaking, a commercial umbrella insurance policy is usually made up of four core coverages: bodily injury, property damage, personal injury and advertising injury. There are also optional, add-on coverages available.

Check out the list of coverage features below along with a brief description to better understand what a commercial insurance policy may cover.

• Personal Injury and Advertising Injury coverage provides protection against claims or suits brought against your business, which may apply if you’re sued for something one of your employees posts on your business’s Facebook page.
• Care, Custody and Control coverage provides property damage protection for property you’re in possession of that is owned by someone else.
• Blanket Contractual Liability protects your business if the underlying policy does not cover certain contracts, or has specifi wording that limits coverage.
• Liquor Liability is an optional coverage that protects businesses such as restaurants, grocery stores and liquor stores that are in the business of selling liquor products.
• Worldwide coverage for losses that occur outside of the country. For example, if you rent a vehicle for your business in another country and get into an accident, you may not have proper coverage unless you have a commercial umbrella policy.
• Large Limits of Liability allows you to increase your limits up to $5 million (highe limits may be available, but are subject to underwriting approval).
• Professional coverage is an optional coverage available to a variety of professions. It covers claim arising out of negligence or error or omissions while providing professional services to your customers.
• Bodily Bodily Injury coverage that may pay damages for injuries that occur on your business’ property or as a result of business operations away from the premises.

At Angel Family Insurance we are committed to helping you find the right insurance coverage at the best price. We are an independent insurance broker with options for you.

Our experienced, local insurance agents, take the time to assess your individual needs and develop a policy that fits your budget.

Switch To A Better Insurance, We Compare You Save Get Peace of Mind Protect Your Family Financial Future Don't Wait until Tomorrow? We Can Help You Save Money Make a Appointment and Save Get a Free Quote Thank You for Sharing! With Family and Friends

Request Free Commercial and Business Insurance Quote Now!

Truckers, Logistics companies, Bus operators, Waste and cement haulers, Ambulance companies, Rental car companies, Distribution companies, Manufacturers with large private fleets, Food Vendor, Food trucks,Jewelry stores, Florists, Pet stores, Clothing & apparel stores, Grocery & liquor stores, Electronics store, Fast Food Restaurants, Home, Garden, Food Vendor, Food trucks,Restaurants, Food delivery, Pizzerias, Coffee shops, Caterers, Ice Cream Shops, Fast Food Restaurants, Private Chefs, Food Vendor, Hospitality Insurance Restaurants and Hotels to Night Clubs InsuranceDoctors, Nurses, Dentists, Assisted Living Facilities, Ambulance Services, Correctional Care Counseling, Psychologists, Hospitals, Clinics, Imaging Centers, Medical Equipment Dealers, Medical Malpractice, Residential Care. Pharmacists, Pharmacies, Artisan Contractors Insurance, Cabinet Installers Insurance, Carpenter Insurance, Concrete Contractors Insurance, Demolition insurance, coverage,Drywall Insurance, Electricians Insurance, Excavators Insurance, Fencing Insurance, Flooring Insurance, Framers Insurance, General Contractors Insurance, Glazier insurance, Handyman Insurance, HVAC Contractors Insurance, Interior Decorators Insurance, Landscaping Insurance, Masonry Insurance, Painters Insurance, Paper Hangers Insurance, Pest Control Insurance, Plumbers Insurance, Roofing Insurance, Window and Door Installation Insurance, Window cleaning insurance, Waterproofing Insurance, Pressure Washing Insurance#insurance #lifeinsurance #autoinsurance #insurancequotes #insurancecompanies #cheapinsurance #insuranceagents #businessinsurance #insuranceagentsnearme #liabilityinsurance #commercialinsurance #comprehensiveinsurance #insurancecompaniesnearme #insurancebroker #autoinsurancecompanies #workerscompensationinsurance #houseinsurance #professionalliabilityinsurance #rvinsurance #smallbusinessinsurance #generalliabilityinsurance #cheapinsurancecompanies #carinsurancequotesonline #teensautoinsuinsurance #youngautoinsurance #teenscarinsuinsurance #youngcarinsurance #medicareinsurance #insurancecoverage #motorinsurance #insurancesolutions #insuranceclaim #homeinsurance #insurancecompany #insuranceagents #insurancepolicy #insuranceagent #insurancebroker #insurance #lifeinsurance #insuranceagent #healthinsurance #insurancebroker #business #covid #investment #carinsurance #finance #homeinsurance #autoinsurance #health #insuranceagency #agentes #realestate #seguros #mascotas #segurosinundaciones #segurosbarcos #segurosyates #segurosdepartamentos #seguroscondominios #seguroscasas #segurosbaratos #segurosmedicare #losmejoresseguros #informacionseguros #agenciaseguros #floridaseguros #especialsita # #segurodevida #seguro #insurance #seguroauto #salud #segurosdevida #polizadeseguros #vida #corredoradeseguros #familia #seguroresidencial #segurosdesalud #portoseguro #seguroempresarial #covid #seguridad #asesordeseguros #corretora #segurodeauto #segurosdecasa #segurosdehogar #carros #segurosdeapartaments #segurosnegocios #segurosautojovenes #seguroscarrojovenes #agentedeseguros #aseguratuvida #obamacareinsurance #obamacare #obamacarelife #asesoriapersonalizada #segurodevida #segurodesalud #segurosparajovenes #segurosfamilia #segurosdentales #segurosvista #segurodevivienda #calificacion #segurosplaya #segurosviajes #vida #salud #coche #accidentes #abogados #autoinsuranceforteensdriver #autoinsurancforyoungdrivers #autoinsuranceforforseniorsdrivers #annuities #homeownersinsurances #homeonwers #homes