Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c12/h01/mnt/221116/domains/dfiinsurance.com/html/wp-content/plugins/revslider/includes/operations.class.php on line 2734
Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c12/h01/mnt/221116/domains/dfiinsurance.com/html/wp-content/plugins/revslider/includes/operations.class.php on line 2738
Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c12/h01/mnt/221116/domains/dfiinsurance.com/html/wp-content/plugins/revslider/includes/output.class.php on line 3679
Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /nfs/c12/h01/mnt/221116/domains/dfiinsurance.com/html/wp-content/plugins/wp-fsqm-exporter/classes/class-ipt-fsqm-exp-export-api.php on line 2032 Umbrella and Excess Liability Insurance – DFI Insurance Warning: count(): Parameter must be an array or an object that implements Countable in /nfs/c12/h01/mnt/221116/domains/dfiinsurance.com/html/wp-includes/post-template.php on line 284
Call 1-800-350-1198 to speak with a licensed advisor today!
What is Umbrella or Excess Liability Insurance?
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.
Who Needs Umbrella or Excess Liability Insurance?
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.
Extended limits and protection for several existing policies
Additional protection when dealing with high net-worth customers or clients
Help cover high cost vehicle claims or accidents
Difference Between Umbrella and Excess Liability Insurance
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.
DFI Insurance Can Help!
let our licensed experts help with your insurance needs!
Let our licensed experts aggressively compare and shop between our numerous top carriers to ensure we get exactly the coverage you need at the most affordable rates possible. We make the process simple, fast, and reliable.
At DFI Insurance, our mission begins with a belief that our existence is to serve and respect our customers. Their satisfaction is the best measure of our success. Our execution is only possible by aligning with the highest quality insurance providers available then working hard to match our customers needs directly with these providers.
Wide Selection of Carriers and Coverages
DFI Insurance has special access to top carriers that provide excellent support and low rates ensuring you are protected. DFI Insurance has coverages ranging from auto, homeowners, life insurance, commercial business insurance and more!
At DFI Insurance our licensed agents get to know you and your insurance needs and we offer unbiased information since we work for you. Let our knowledgeable, experienced professionals customize an insurance solution and make sure you get the best coverage at the best rates possible!
Some Additional Business Insurance Coverages
Protects your business vehicles similar to your own personal auto insurance policy.
Guarantees a principal’s integrity, honesty, performance and financial responsibility.
Protect your building, equipment, inventory from fire or other disasters
Protect experts who might face unique or unusual lawsuits as a result.
Covers against financial loss if claims of injury or damage.
Recommended insurance coverage based on your specific industry
Protects employees if they sustain an injury or become ill while on the job
The content of this site is descriptive only. The precise coverage offered is subject to the terms and conditions of the policies issued. Coverage may not be available in all jurisdictions or applicable in all situations.