Also called an excess liability policy, the commercial umbrella provides excess limits over the general liability, automobile liability and employer’s liability policies. The umbrella policy does not pay until the underlying policy limits are exhausted. This policy is meant for those "what if" moments that will arise every so often. When your regular policy can't cover everything, the umbrella is there to make sure that the excess costs are covered as well.
The commercial umbrella policy affords you higher liability limits for a “worst case scenario” type claim. Sometimes, it's better to have a little extra protection in those scenarios. Commercial Umbrella Insurance is not something to gloss over when you think your business might be prone to claims.
The requirements for excess liability are specific to each insured’s needs. Some may not need an umbrella, others may need $10M in excess liability. Our experts can help you best determine your needs.
Contact our sales team today for a no obligation business insurance consultation. 815-277-8501 or firstname.lastname@example.org.
I own a large petsitting company in Chicago and just started a dog treat company that Christina has been assisting me on for years. I just wanted to commend you on your staff. Christina goes above and beyond for me and is constantly looking out for myself and the better of my business. She is efficient, informative, intelligent and kind. I feel very lucky to have been able to find her.
It is not often that you find insurance agents that are so proactive and thorough. I recommend Gnade to every business owner I come in contact with.
Thank you again for running a great operation.
- Lauren Pietrocarlo, 10/21/2014