Commercial Umbrella or Excess Liability Insurance provides businesses with additional liability coverage to help protect against costs that exceed existing insurance policy limits. If the cost of a claim exceeds the limits of a business’s primary insurance policy, Commercial Umbrella Insurance extends liability coverage and provides an additional layer of protection.

For businesses that wish to provide additional protection from lawsuits or could have significant exposures to claims, an Umbrella or Excess Liability Policy would provide this added protection. As an alternative to increasing existing limits on policies, an Umbrella or Excess Liability Insurance Policy might be a more cost-effective solution for getting adequate coverage.

Umbrella or Excess Liability Insurance policies would also be appropriate if a business works with high net-worth customers. Additionally since traffic costs can be very costly, if a business employs large numbers of drivers or rents vehicles, the added protection of an Umbrella or Excess Liability policy would help prevent business owners from paying out of pocket for legal fees, medical costs, and damage expenses that exceed the limits of their underlying primary business coverages.

An Umbrella Liability Insurance policy helps extend limits of:

• General Liability policy
• Commercial Auto / Hired or Non-Owned Auto Insurance
• Employers’ Liability Insurance policies.

This single premium can be applied to all three of these policies in the event that a claim exceeds the limits. Umbrella Liability can also provide broader coverage than the underlying policies. An Umbrella policy should be considered a supplement to the primary policy and sometimes provides additional coverage that might be excluded from the underlying policies.

Excess Liability Insurance policy is also applied to an underlying policy when its limits are reached however an Excess Liaibility Insurance Policy can only be applied to a single primarry policy and does not offer any broader protection.

If a business could be exposed in a variety of ways, an Umbrella Liability Insurance might be more appropriate than an Excess Liability Insurance Policy. A business with a high risk in one particular area may prefer Excess Liability coverage.