Business Insurance Umbrella Policy

In today’s litigious business environment, the potential for costly liability claims is ever-present. A single incident, such as a major accident, a product defect, or a data breach, can result in damages that quickly exceed the limits of my standard liability coverage. Business insurance umbrella policy helps me safeguard my business by providing the additional protection I need to cover these high-dollar exposures. Business Insurance Umbrella Policy works by providing coverage that kicks in when the limits of my primary liability policies are exhausted. It functions as an “excess” policy, meaning it sits on top of my other liability coverages and provides an additional layer of protection. In the event of a claim, my primary insurance policies will pay out first, and the commercial umbrella policy will cover any remaining costs up to its own limit.