Commercial Umbrella Insurance
What is Umbrella Insurance?
If general liability insurance is meant to protect you from a downpour, umbrella liability insurance is... well, an umbrella. When your business experiences a lawsuit, your insurance will cover up to a certain limit. So what happens when damages go over that limit? Umbrella liability insurance is extra protection on top of general liability insurance, employer's liability insurance, and commercial auto insurance.
Do I Need Umbrella Insurance for My Business?
Commercial umbrella liability insurance can come in handy when you need more protection than your general liability policy covers. Also, increasing limits of your general liability policy can cost more than adding a commercial umbrella policy, which might also cover more claims. Another advantage is that you are more marketable to certain clients who have high liability requirements. Businesses that deal with a lot of foot traffic have higher liability risks.
Speak with a Goldenwest Commercial Insurance Agent
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