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Commercial Umbrella Insurance
Extend your business protection
Commercial Umbrella Liability Insurance, also known as Excess Liability Insurance, is a contract between a business and an insurance company designed to provide an additional layer of liability protection beyond the limits of underlying insurance policies, such as General Liability, Commercial Auto, and Workers’ Compensation-related liability coverages. This coverage is essential for businesses seeking enhanced protection against catastrophic losses, major liability claims, and lawsuits that could otherwise threaten the company's financial stability and long-term operations.
Among the primary coverages available are:
General Liability Coverage
- Bodily Injury and Property Damage: Provides additional liability protection for bodily injury and property damage claims that exceed the limits of the underlying General Liability policy. This may include accidents occurring on business premises, claims arising from defective products, and damage resulting from business operations.
- Advertising and Personal Injury Coverage: Extends protection for claims involving libel, slander, defamation, copyright infringement, and certain non-physical injuries arising from the company's advertising, marketing, or business activities.
Commercial Auto Liability Coverage
- Property Damage and Bodily Injury Liability: Provides additional protection beyond the limits of the Commercial Auto Insurance policy for accidents involving company-owned vehicles. Coverage may apply to bodily injury and property damage claims arising from the operation of commercial vehicles and can help protect business assets from large liability exposures.
Workers' Compensation and Employers Liability
- Employers Liability Protection: Provides an additional layer of liability protection for covered workers' compensation-related claims that exceed the limits of the underlying policy. This coverage may help address significant liability exposures involving workplace injuries, legal defense expenses, vocational rehabilitation-related obligations, and other covered employer liability claims.
Crime Coverage
- Theft and Fraud Protection: Extends protection against covered losses resulting from theft, fraud, employee dishonesty, and similar criminal acts when such losses exceed the limits available under the business's primary Crime Coverage or Business Owner's Policy (BOP).
Cyber Liability Coverage
- Data Breaches and Cybersecurity Incidents: Provides additional protection for covered cyber-related claims that exceed the limits of the underlying Cyber Liability policy. Coverage may include losses associated with data breaches, ransomware attacks, network security incidents, privacy violations, and other cyber-related events that can significantly impact business operations and financial stability.
*It is important to understand that policy terms, conditions, and coverage availability may vary from one insurance company to another. It is critical to carefully review each policy in order to fully understand the scope of coverage and any exclusions that may apply.
