Commercial Umbrella Insurance
Commercial Umbrella Insurance Details
Like a personal umbrella, a business umbrella policy will cover a catastrophic loss and can save a business from huge financial distress. Often, it can be the difference of staying in business or going out of business.
Umbrella liability insurance for your business will protect you when a covered claim occurs and your existing liability policy cannot cover all the expenses. Your standard business liability will typically be adequate for most situations, but umbrella liability will help ensure that your business is protected for large losses. Owning a business is risky, but going without proper insurance is riskier. No one wants to be sued, but because accidents occur, sometimes lawsuits are unavoidable.
Consider these possibilities:
- Your company holiday party serves too much alcohol and people leave intoxicated resulting in personal injury or damages.
- Your commercial building has an undetected carbon monoxide leak and that results in injury/death.
- Your business is accused of failing to render the appropriate professional services.
Umbrella Liability Insurance – Coverage for your Business
An inexpensive business umbrella policy picks up where your business auto liability, general liability or other liability coverage stops. Umbrella insurance provides extra coverage against bodily injury and/or property damage.
Take the following example: Your current policy covers you for $1 million, and you are successfully sued for $1.5 million, your business umbrella coverage can pay the outstanding $500,000 – this is the difference of losing your business and staying in business.
How much commercial umbrella insurance coverage does your business need? A variety of factors goes into determining the answer, including the type of business you own and how much coverage you already have.
It is important to discuss with a Tower Insurance Associates, Inc agent what the best coverage is for you on a commercial umbrella policy. Ask an agent about Excess Liability Coverage today.
Get A Quote For Your Business Insurance Today
Our licensed staff is ready to help you get multiple business insurance quotes. Because we’re an independent insurance agent we can shop from multiple insurance companies to help you find the right coverage at the right price.
Tower Insurance Associates, Inc represents the top-rated insurance companies in California. We will compare pricing and coverage options finding you the best policy for your needs. Call us at: 310-837-6101 or click the get a quote button to have an agent start your quote.
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Frequently Asked Questions
Can businesses have an umbrella insurance policy?
Yes, above and beyond insurance protection for your business is available. Protect your business with coverage that goes above and beyond your existing insurance policies.
How do I get a commercial umbrella insurance quote?
Commercial umbrella insurance quotes are easily obtained by calling a licensed agent in our office. We can also provide you with a quote by phone or email, if you prefer. Quotes take about 15 minutes to complete.
What does a commercial umbrella insurance policy cover?
A commercial umbrella insurance policy can protect your business from a variety of excess liability claims involving: personal injury, bodily injury and property damage. Additional coverage benefits may be available.
How Much Is A commercial umbrella insurance policy?
Generally speaking, the cost of this policy is inexpensive. You will however be required to carry sufficient minimum limits in order to obtain an umbrella policy for your business. Inquire with an agent for more information.
