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 email@example.com.
I would like to take this opportunity to provide this Letter of Recommendation for the Gnade Insurance Group and its staff. B&B Construction and Excavating has been a client since 2007 and have been extremely satisfied with the professional and friendly service we have always received.
The owners and agents are very knowledgeable and very helpful when issues or questions come up. They think of the customer first when it comes to quoting coverage and make sure that all policy packages are inclusive of all items the client may need. Their turn-around time for completing requests, be it a certificate of insurance, a bond, or a rate quote is one of the most efficient companies that I work with. I know that I can count on the staff at Gnade to handle anything I need.
I highly recommend Gnade Insurance Group to any company or individual that is looking for an insurance agent that is trustworthy, dependable, and knowledgeable in all areas of the insurance field and always willing to take that extra step of customer service to satisfy their clients.
- Linda Goldsmith, July 2013