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Commercial Umbrella Insurance
Lawsuits and large claims can put a significant financial strain on your business. Commercial Umbrella Insurance provides additional coverage beyond the limits of your primary liability policies, offering extra protection when unexpected, high-cost claims arise. This coverage ensures that your business remains financially secure, even in the face of substantial legal settlements or damages.
A Commercial Umbrella Insurance policy typically includes coverage for:
- Excess liability coverage beyond your existing policies
- Large bodily injury and property damage claims
- Legal defense costs if a claim exceeds your primary policy limits
- Extended protection for general liability, auto liability, and employer’s liability policies
At
McShea Insurance, we help businesses enhance their financial protection by tailoring
Commercial Umbrella Insurance policies that provide an extra layer of security when it’s needed most.
Who Needs Commercial Umbrella Insurance?
Any business that wants to safeguard against costly liability claims should consider Commercial Umbrella Insurance, especially those that:
- Operate in high-risk industries
- Have significant customer interactions or high foot traffic
- Own a fleet of commercial vehicles
- Employ workers in potentially hazardous environments
- Have valuable assets or significant financial exposure
FAQs
What coverage is an umbrella policy an extension of?
A Commercial Umbrella Insurance policy extends the coverage limits of existing liability policies, including:
- General Liability Insurance: Protects against claims of bodily injury, property damage, and personal injury.
- Commercial Auto Liability Insurance: Provides additional coverage for business-owned vehicle accidents.
- Employer’s Liability Insurance: Covers lawsuits related to employee injuries that aren’t covered by workers’ compensation.
Are Professional Liability and Cyber Insurance covered under an Umbrella Policy?
No, Commercial Umbrella Insurance generally does not extend coverage for Professional Liability (Errors & Omissions Insurance) or Cyber Liability Insurance. These policies require separate excess coverage, and businesses in professional services or cybersecurity-sensitive industries should consider dedicated excess liability policies to ensure full protection.
How much does Commercial Umbrella Insurance cost?
The cost of Commercial Umbrella Insurance depends on factors such as:
- The size and industry of your business
- The level of existing liability coverage
- The number of employees and locations
- Claims history and overall risk exposure
Can I customize my Commercial Umbrella Insurance policy?
Yes! Every business has unique risks, and policies can be adjusted accordingly. Some common customization options include:
- Higher Coverage Limits: Increase your umbrella limits to fit your business’s financial exposure.
- Hired & Non-Owned Auto Coverage: Extends protection for vehicles used for business purposes but not owned by the company.
- International Liability Extensions: Provides additional protection for businesses with global operations.
Get Started Today
Strengthen your business’s liability protection with the right Commercial Umbrella Insurance policy. At McShea Insurance, we help businesses find affordable Commercial Umbrella Insurance policies that provide critical protection without unnecessary expense. Contact McShea Insurance today to discuss your coverage options and get a personalized quote.