Commercial Insurance

Commercial Umbrella Liability

Commercial Umbrella Liability, or Commercial Excess Liability, provides supplementary coverage when you have exhausted the limits on your primary policies. It comes into effect when the limits of your underlying insurance are exceeded. This extra layer of protection can be added for a relatively minimal cost, and in today's litigious society and the rising costs of lawsuits, it has become a necessity for any business.

Business umbrella liability insurance may help to cover costs in the event of a lawsuit:

  • Legal costs
  • Court awards
  • Out-of-court settlements

For example, if your business was named in a liability claim in the amount of $5,000,000, and your General Liability policy has a $2,000,000 limit, your insurance company would pay the $2,000,000, and your business would be responsible for the remaining $3,000,000. If you had a $5,000,000 Umbrella policy, it would have covered the remainder of the settlement and still left your business with $2,000,000 in liability coverage.



Important Note - The information on this site is general in nature. Any description of coverage is necessarily simplified. Whether a particular loss is covered depends on the specific facts and the provisions, exclusions and limits of the actual policy. Nothing on this site alters the terms or conditions of any policies. You should read the policy for a complete description of coverage. Coverage options, limits, discounts and deductibles are subject to availability and to individuals meeting underwriting criteria. Not all features available in all areas.