Commercial umbrella liability insurance protects you when accidents happen and your existing liability coverage cannot cover all the expenses.
Business is risky, and every company faces the possibility of an unexpected lawsuit. Business owners could benefit by getting commercial umbrella coverage, one of the most affordable insurance policies.
Umbrella insurance kicks in once other insurance coverage has hit its limit (i.e. general liability or commercial auto liability).
What are some scenarios where it'd come into play?
A customer gets injured at your business and you’re found liable.
Your company holiday party gets out of hand and many injuries and damages occur.
One of your employees drives your company vehicle and causes a severe accident resulting in injuries to others.
A fire originates from your operation and burns down neighboring businesses.