Commercial umbrella insurance provides essential liability protection that every business owner needs.

Often overlooked or assumed to be too expensive, insurance agents find instead that commercial umbrella provides cost-effective coverage for protection in worst-case scenarios.

Read on to learn more about this important insurance policy and why every business should include it in their insurance portfolio!

How Does Commercial Umbrella Insurance Work?

Commercial umbrella insurance is a secondary liability insurance policy that business owners can purchase to supplement their other business liability coverage.

Sold by business insurance agencies in $1 million increments, this policy provides extra coverage when existing liability insurance has reached its benefit limit.

It offers business owners an affordable way to protect themselves and their whole enterprise against substantial financial liabilities that could happen due to an accident, a lawsuit, or some other large case against the business.

Policies sold by commercial insurance agents generally cover bodily injury, medical expenses, property damage, reputation damage, libel, product liability, lawsuit costs, and various other expenses when found liable for some type of damage occurred.

How Much Commercial Umbrella Coverage Is Enough?

Business insurance agents generally recommend that business owners purchase an umbrella insurance policy that is large enough to cover all of their business assets including the value of their commercial liability policies, business equipment, real estate, and other property.

The commercial umbrella insurance policy should at least double the protection offered by the company’s general and professional liability coverage should a serious accident or lawsuit exhaust all other liability coverage.

Fortunately, since this coverage protects on an as-needed basis only, it is very affordable and most insurance agencies sell policies at only a few hundred dollars per $1 million in liability coverage depending on the business and its risk level.

Watch and See How Commercial Umbrella Insurance Can Save A Business

This short video clip, presented by Brad Hurt, partner at Service Insurance Group, explains the necessity of having commercial umbrella insurance in addition to their other business liability coverage.

All Businesses Should Carry Commercial Umbrella Insurance

A protective business liability insurance portfolio that includes commercial umbrella insurance can be a business-saver should a serious accident or some other major liability occur.

Before assuming this extra protection is unnecessary or costs too much, insurance agents encourage all business owners to contact them to discuss how affordable and beneficial commercial umbrella protection can be.

Experienced insurance agents are happy to help small business owners determine the amount and types of liability insurance their business should carry and how much umbrella coverage they need to have a protective insurance policy!

Need Commercial Umbrella Insurance in Bryan Texas?

Contact the Insurance Agents at Service Insurance Group!

Call 979-300-7345 For Advice On Critical Umbrella Coverage!

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