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Keeping your organization properly insured is one of the most important business decisions you can make. But despite what you might think, a General Liability policy usually isn’t enough in today’s litigious society. An extra layer of protection may be required to keep your operation going in the event of a legal claim.
Commercial Umbrella Insurance.
Commercial Umbrella Insurance protects you when accidents happen and your existing Liability Insurance policies cannot cover all expenses.
In other words, an Umbrella policy picks up where policies like Commercial Auto or Commercial
General Liability leave off. And for most businesses, it’s an affordable way to provide that extra layer of coverage in case of a legal claim arising out of property damage or bodily injury.
Your business is named in a lawsuit that requires $2 million to settle. The limit of your General Liability policy is $1.5 million. If you have an Umbrella Insurance policy, it can pay for the remaining $500,000.
• If someone slips and falls on your property and injures themselves.
• If one of your products causes illness or injury.
• If your business vehicle is involved in an accident.
• If there is a carbon monoxide leak in your building that causes injury or death.
• If a fire in your facility damages neighboring property.
In today’s world, legal costs, settlements, and court awards can reach staggering sums, far exceeding the limits of many General Liability policies. But with Commercial Umbrella Insurance, you can help to cover those costs without impacting your bottom line.
This information is advisory in nature. No liability is assumed by reason of the information in this document.
Commercial Lines Division
Main: 716.853.3820 x7324