The coverage provided by your primary general liability, automobile liability or employers’ liability policies should protect you in most situations. However, if a catastrophic event impacts your business, the coverage limits provided by your primary insurance policy may not cover the entire loss. Commercial Umbrella Insurance extends liability coverage for an additional layer of insurance to further protect business assets. Without Commercial Umbrella Insurance, business owners could be obligated to pay out of pocket for legal fees, medical bills, and damage expenses that exceed the limits of their underlying primary business coverages.
Consider these liability risks…
• A customer is injured when falling down slippery steps, causing injuries that require long-term care.
• An employee in a company vehicle rushes through a traffic light, resulting in an accident that causes severe injury and property damage.
• During the course of a workday, one of your employees causes an accident that severely injures a vendor.