All businesses have insurance policies in place to safeguard themselves from the liabilities and risks that they face, and each of those comes with a specific set of terms, limits, and exclusions. Commercial umbrella insurance, otherwise known as umbrella liability, acts as a safety net when those terms and limits are exceeded. In other words, commercial liability fills in coverage gaps to provide additional insurance protection when a business needs it most. If you’re in the market for commercial umbrella insurance, or you have questions about whether your current coverage is sufficient for your business, request a free consultation through our LaunchPad quote tool. We’ll connect you to a qualified agent that can guide you toward the right insurance plan.
Businesses that benefit from having umbrella liability are usually those who are already required to have high coverage limits or who face higher-than-average risk. Standard commercial umbrella insurance acts as a supplement to commercial general liability and covers the same types of exposures, including:
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.