Business umbrella insurance, also known as commercial umbrella insurance, is a type of liability insurance coverage that provides additional protection above and beyond the limits of your underlying primary liability policies, such as general liability, commercial auto liability, and employers’ liability. It acts as an “umbrella” that extends the coverage limits of your existing policies and provides an extra layer of liability protection.
Business umbrella insurance is essential for businesses that want to protect themselves from significant liability claims that exceed the limits of their primary policies. It provides an extra layer of financial protection and helps safeguard your business assets and reputation. It’s important to work with an insurance professional who can assess your business risks, evaluate your existing liability coverage, and help you determine the appropriate limits for your umbrella policy.
