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.
We have been with you and Gnade Insurance Group for over 4 years now. I really appreciate all the hard work you do each year reducing our business insurance cost. I know you are always trying to bring us the best insurance carrier at the lowest cost.
I also appreciate that when ever I have a problem you jump on it right away and always call me right back.
You are a great partner to our company and we look forward to many more years working with you.
- Joe Bettinardi, June 6th, 2013