Commercial Umbrella Insurance
Extend your business protection
Additional liability insurance, also known as non-contractual liability insurance, is a contract between a business and an insurance company, with the purpose of extending coverage beyond the limits of standard policies, such as general liability insurance, commercial auto insurance, and workers compensation insurance. It is essential for companies that want robust protection against major risks.
The main coverages include:
General liability - Civil liability
- Bodily injury and property damage: Covers bodily injury and property damage to third parties that exceeds the limits of the general liability policy. This includes accidents on business premises, claims for defective products, or damage caused by business operations.
- Advertising and personal injury: Extends coverage for claims of defamation, libel or copyright infringement in the company's advertising activities; non-physical damages caused to a person.
Commercial automobile liability - Commercial auto
- Damage and liability: Provides additional coverage for commercial vehicles beyond the limits of the commercial auto insurance policy. Includes property damage and bodily injury to third parties in commercial vehicle accidents.
Workers compensation liability
- Liability benefits: Offers an additional layer of coverage for workers compensation claims that exceed standard policy limits. Includes benefits for temporary and permanent disability, and costs associated with vocational rehabilitation and legal defense in the event of disputes.
Crime coverage
- Theft and fraud: Extends protection against losses from theft and fraud, providing additional coverage beyond the limits of crime coverage in a BOP policy.
Cyber liability
- Security Breaches: Offers additional coverage for cyber incidents, such as data breaches and ransomware attacks, that exceed the standard cyber coverage policy limits.
*It is important to keep in mind that the terms and conditions of the insurance companies may vary for each coverage. Therefore, it is essential to review carefully to fully understand the extension and any exclusions that may apply.
