Commercial Umbrella Insurance
Commercial Umbrella Insurance Quote Forms
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Commercial Umbrella Insurance Information
Finding the right insurance coverage for your business portfolio is crucial, but additional coverage is sometimes necessary. If a liability loss exceeds the coverage limits set by your existing policies, you could have to pay the difference out of pocket. Commercial umbrella insurance can provide financial protection in these instances.
Contact Bruening Insurance Agency in Weston and Jupiter, Florida, to learn more about commercial umbrella insurance coverage.
What Is Commercial Umbrella Insurance?
Commercial umbrella insurance provides an extra layer of liability protection for losses that exceed your existing policy limits. It is a relatively inexpensive way to purchase peace of mind. Like your existing insurance policies, commercial umbrella insurance is a binding contract in which your insurer agrees to pay for covered losses, up to your policy limits, in exchange for your premium payments.
How Does Commercial Umbrella Insurance Work?
A commercial umbrella insurance policy starts where your existing liability coverages end. For example, if your business loses a liability lawsuit for $2 million, but your current coverage stops at $1 million, your commercial umbrella insurance policy can help pay the difference, per your policy agreement.
Commercial umbrella insurance may act as a secondary policy to the following liability coverages:
- Hired or non-owned auto insurance (HNOA)
- General liability insurance
- Employer’s liability insurance (which may be a part of workers’ compensation)
Your commercial umbrella coverage limits may vary depending on your insurer and the policy you select.
What Does Commercial Umbrella Insurance Cover?
A standard commercial umbrella policy may help pay for the following costs:
- Legal costs (e.g., settlements and defense costs).
- Medical expense liabilities
- Property damage liabilities
Get the Right Coverage
Make sure your business has the coverage it needs. Contact Bruening Insurance Agency to speak to an insurance agent and get a free umbrella insurance quote.
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