Commercial Umbrella
A commercial umbrella insurance complements your other liability coverages by taking over when your other liability coverage limits have been reached. Your umbrella coverage will work with your existing general liability and auto policies to make sure that you are properly protected in the event that you reach your policy limits. Commercial umbrella insurance covers the same types of costs as your general liability insurance, such as medical expenses, attorney fees and damages when your company faces a lawsuit.
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CLEAR Insurance provides a single point of contact for clear, understandable and unbiased recommendations for all your insurance needs. Whether in the area of commercial coverages for a business or in personal coverage, the CLEAR Insurance team is here to help you protect what matters most.
What is a commercial umbrella insurance policy?
Commercial umbrella insurance provides an extra layer of liability protection by covering costs that go beyond your other liability coverage limits. In other words, commercial umbrella insurance complements your other liability coverages by taking over when your other liability coverage limits have been reached.
How does Commercial Umbrella Insurance work?
A commercial umbrella policy extends the limits of some of your primary liability insurance policies, such as general liability insurance and commercial auto insurance.
Commercial umbrella insurance provides more coverage than your general liability policy. So be aware, if you don't have a general liability policy, you won't be able to get commercial umbrella insurance.
When can I make a claim on umbrella insurance?
To put it simply, you can make a claim on umbrella insurance when:
- Your business is sued over third-party bodily injury or property damage; and
- The cost of the lawsuit is more than the limit of the underlying insurance policy designed to cover it.
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