Commercial umbrella insurance is an insurance each business owner must have. Your business may face a liability claim at any time, and if the liability costs exceed the existing basic liability coverage limit that you may have in your business insurance, your commercial umbrella coverage provides that much-needed financial protection. Without Commercial insurance, you may have to pay the balance amount from your pocket, no matter the cost. In some instances, it can be the deciding factor whether a business will survive and recover from the enormous financial setback or not.
Commercial umbrella coverage adds an extra layer of protection to the business, besides funding the excess liability cost, it also cover gaps in your existing commercial coverage. They provide added protection with aggregate limits ranging from $1 million to $15 million for the following coverages in your commercial insurance:
Commercial umbrella insurance typically covers liability claims, third-party medical expenses, and legal expenses related to an incident within your business premise, or business operation-related mishaps outside.
Commercial umbrella insurance provides coverage for:
Accidents are unavoidable in most businesses, and so are liability claims. So, commercial umbrella insurance is beneficial coverage for all business owners. However, the businesses that benefit the most from the insurance are:
Whether large or small, your business can be protected from every risk with Anderson Insurance Affiliates umbrella insurance coverage. We will help you get adequate umbrella coverage for your business guaranteed to cover the biggest of liability claims, without impacting your financial health.
For more information on commercial umbrella insurance, contact our team at Anderson Insurance Affiliates LLC today.
