Safeguard Your Business with Commercial Umbrella Coverage

Ensuring Protection for Your Business

Commercial Umbrella Insurance

In today's litigious environment, it's becoming increasingly common to hear about massive jury awards leading to the financial downfall of businesses. Most business owners never anticipate facing a loss that surpasses the limits of their liability insurance coverage. However, these catastrophic events are more frequent than ever before.

A significant loss could jeopardize the success and future of your tirelessly built business. At our Insurance Agency, we are dedicated to helping you safeguard your current assets by offering additional coverage where it's needed most. We can assist in creating a customized insurance plan tailored to your business's requirements.
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Commercial Umbrella Insurance

Vulnerability of All Businesses

Regardless of the size or efficiency of your company, every business is at risk of a devastating claim resulting from an unforeseen incident. For instance, imagine you own a retail store or apartment building, and a customer trips over the carpet, suffering a severe head injury.

This could potentially result in liability claims amounting to millions of dollars in medical and other expenses. Would your existing business liability insurance cover the entire amount? Could your business savings or revenue cover any shortfall?

If not, Commercial Umbrella Coverage is essential. This coverage extends beyond the limits of your standard business liability insurance, providing up to $10 million in additional funds to handle such situations.

Protect Your Future Earnings

Small business owners often assume they are safe if they don't have substantial assets. However, a court can seize your current business assets and even assign future earnings to fulfill a judgment against you. Investing in umbrella coverage is a prudent decision, regardless of the size of your business.

Maximize Asset Protection

Choosing how to allocate your hard-earned money is crucial. However, an unexpected major loss can take this choice away from you. Commercial Umbrella Coverage offers a cost-effective way to protect your business assets.
Do you know if your coverage adequately protects against major catastrophic events? At our Insurance Agency, we can help you assess and enhance your coverage.

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Bodily injury
Commercial auto
Advertising injury
Contractual liability
Lawsuits

Bodily injury coverage

Risk Factors

An elderly customer is injured after tripping on frayed carpeting while visiting your business. Her medical costs are substantial — and exceed the limits of your liability policy.

Solution

An umbrella policy can help when the costs of a claim surpass the limit of your underlying liability policy.

Commercial auto coverage

Risk Factors

Your employee causes a multi-vehicle accident while driving a company car to a business appointment. The combined medical and repair costs are higher than the limits of your commercial auto policy.

Solution

An umbrella policy can help with liabilities that exceed the limits of your underlying commercial auto policy.

Personal/Advertising Injury coverage

Risk Factors

When a reputation has been damaged, umbrella insurance can help decrease the legal blow.

Solution

It can cover personal injuries like Libel & Slander, Malicious prosecution, wrongful eviction, and advertising injuries like copyright infringement or misappropriation of advertising ideas.

Contractual Liability coverage

Risk Factors

The companies frequently assume a landlord’s tort liability when renting office space.

Solution

This aspect only regards “insured contracts,” such as leases and easements. Commercial umbrella insurance can help you cover legal expenses arising when you accept the tort liability of another responsible party.

Lawsuits coverage

Risk Factors

Legal and defense fees can skyrocket in a heartbeat, and you may need to pay them from your pockets.

Solution

Umbrella insurance can help cover these particular expenses when you are in the middle of a lawsuit.

Don't put your business at risk of financial ruin. Instead, invest in commercial umbrella insurance and protect your assets and reputation from unexpected and costly liability claims. Contact us today to learn more and get a customized quote for your business.

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