Umbrella insurance provides additional liability coverage beyond the limits of your primary insurance policies. In an increasingly litigious environment, this extra protection can be crucial.
What Umbrella Insurance Covers
Umbrella policies provide excess coverage over:
- General liability insurance
- Commercial auto liability
- Employer liability
- Some professional liability exposures
When You Need Umbrella Coverage
Consider umbrella insurance if you:
- Have significant business assets to protect
- Operate in a high-liability industry
- Have high-value contracts requiring higher limits
- Want cost-effective additional protection
Cost vs. Benefit Analysis
Umbrella insurance typically provides substantial additional coverage at a relatively modest cost, making it an attractive option for many businesses.