Commercial
Commercial Umbrella Insurance
Extra limit, for the worst case scenario.
Commercial
It only takes one lawsuit.
Despite having insurance policies for every business risk you face, one lawsuit can deplete your limits of liability.
If someone is injured on your property, or because of an accident you caused, you’ll likely be held liable. If the settlement or judgment costs more than your policies cover, a Commercial Umbrella policy can provide extra liability limits.
Owning several businesses, having a lot of employees, or even the type of business you operate, can all increase your risk of being targeted in a lawsuit.
The greater the perceived wealth, the more likely you are to be targeted in a lawsuit.
Did you know?
Did you know that you could be required to pay settlements based on your business’ potential future revenue? If a lawsuit exceeds your current insurance limits, you could be forced to pay out of pocket for a claim.
What’s covered, and what’s not?
A commercial umbrella policy responds when your underlying liability policy limits have been exhausted, or at times, if the claim is excluded from your underlying policy.
If you’re found not responsible, does the commercial umbrella policy still pay your legal expenses?
Yes. A commercial umbrella policy will defend you, even from a frivolous lawsuit.
What’s covered by a commercial umbrella policy?
- Legal defenses
- Attorney fees
- Monetary judgments/settlements
- Medical bills
- Lost wages
- International coverage
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