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.
Wendy Elmlund has provided us with outstanding service over the last 3 years. She is an agent I can trust to be honest with us not only in price but also in products. We don't feel like we are being "sold", but rather guided as a partner with her and her agency, Gnade Insurance Group. Our phone calls/emails are returned promptly, and with personal service. Wendy's knowledge of the insurance industry as well as her professionalism are just a few of the qualities that are greatly appreciated. It continues to be a please to work with her and her staff.
Area Material, Inc.
- Karen Fritz, June 7th 2013