Standard liability policies, such as general liability, auto liability, and employers’ liability, are essential for protecting your business from financial risks. However, these policies come with coverage limits, which may be insufficient to cover large claims or lawsuits.
Umbrella and Excess Liability Insurance provide additional coverage beyond the limits of your primary policies, ensuring your business is protected from catastrophic financial losses. Whether you face a high-value lawsuit, a large settlement, or an unforeseen event, this additional coverage ensures your operations remain secure and uninterrupted.
Umbrella Liability Insurance provides broad additional coverage that extends over multiple primary liability policies. It not only increases the coverage limits but can also fill gaps in your existing policies. For example, if a claim exceeds the limit of your general liability insurance, your Umbrella policy steps in to cover the remaining costs, up to its limit.
This policy is ideal for businesses in high-risk industries or those facing potential large-scale claims involving third-party injuries, property damage, or advertising liabilities.
Excess Liability Insurance also provides additional coverage, but it applies to one specific underlying policy, such as general liability or auto liability. Unlike Umbrella Insurance, Excess Liability does not broaden coverage; it strictly increases the limit of a single primary policy.
This option is suitable for businesses that need higher limits on specific risks without requiring expanded coverage across multiple policies.
GET A QUOTEIn the event of a major lawsuit or claim, Umbrella and Excess Liability Insurance ensure your business has the financial resources to handle settlements or judgments that exceed the limits of your primary policies.
From workplace accidents to product liability claims, these policies provide protection against high-value incidents that could otherwise jeopardize your business’s financial stability.
Many contracts or partnerships require businesses to carry liability coverage beyond standard policy limits. Umbrella or Excess Liability Insurance helps you meet these requirements and maintain strong business relationships.
Provides additional coverage for bodily injury, property damage, and advertising liability claims that exceed the limits of your general liability policy.
Covers claims involving accidents or damages caused by your business vehicles, offering protection when your commercial auto policy limits are reached.
Increases the coverage for claims related to workplace injuries or illnesses not covered by Workers’ Compensation Insurance, including lawsuits filed by employees or their families.
Adds coverage for claims related to defective products that cause injury or property damage, ensuring your business is protected against large-scale product liability lawsuits.
In today’s business landscape, large claims and lawsuits can arise unexpectedly, putting your financial stability at risk. Umbrella and Excess Liability Insurance provide the additional protection your business needs to stay secure and compliant.
Contact us for an Umbrella or Excess Liability Insurance policy which we’ll tailor for your business.
GET A QUOTE