Commercial Umbrella Insurance
Commercial Umbrella Insurance Quote Forms
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Commercial Umbrella Insurance Information
As a business owner, you are responsible for protecting your assets by having the proper insurance coverage. Business insurance can include a wide range of options, and it’s critical to understand what types will most benefit your business. One specific type of cover you may want to consider is commercial umbrella insurance.
What Is Commercial Umbrella Insurance?
Commercial umbrella insurance is a policy that provides extra protection to help cover a claim that exceeds the limits of certain liability policies. Without commercial umbrella insurance, you may have to pay out of pocket for costly incidents that exceed your other liability policy’s limits.
What Does Commercial Umbrella Insurance Cover?
Commercial umbrella insurance may cover the same types of costs as other liability insurance, such as:
How Does Commercial Umbrella Insurance Work?
- Legal costs
- Third-party medical bills
- Damage to other people’s property
- Judgments and settlements
Commercial umbrella insurance helps extend the limits of specific liability policies, such as general liability insurance and commercial auto insurance. For example, suppose an employee is involved in an accident while driving a company-owned vehicle. In that case, the cost to repair damages and pay for medical bills may exceed your auto insurance policy limit. If this occurs, an umbrella insurance policy may kick in and help cover the additional costs.
How Much Does Commercial Umbrella Insurance Cost?
Commercial umbrella insurance costs vary depending on the following factors:
- Amount of underlying coverage
- Limit amount
- Type of business
- Location of the business
- Size of the business
You should discuss your business insurance needs with a qualified insurance provider to ensure you get the best coverage and limits for your situation.
Commercial Umbrella Insurance Quote in Kansas City, MO
If you want to learn more about the benefits of commercial umbrella insurance, contact Auto Insurance Discounters. We can help you find the most comprehensive coverage for your business insurance needs.