Commercial Umbrella Insurance
If you own a small business, you might occasionally wonder if your existing insurance coverages are enough to fully protect you against a liability claim. Do you ever feel like something's missing—almost like you've forgotten something. Maybe you sometimes worry about it. If your business was judged legally liable for an accident on your premises and ordered to pay, would your general liability insurance be enough?
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If you don't carry commercial umbrella insurance, you're right to worry.
A commercial umbrella policy increases your liability coverage to provide extra payouts that help you cover substantial claims. This type of insurance can feasibly protect your company from any liability claim, including libel, reputational damage, vehicular accidents, product liability, or customer injury.
Is Commercial Umbrella the same as general liability?
Commercial General Liability (CGL) provides coverage for doing business. CGL insurance protects business owners against claims of liability for bodily injury, property damage, and any slander or false advertising. Commercial Umbrella Insurance is excess liability coverage that goes beyond the underlying CGL