What You Need to Know About Commercial Umbrella Insurance

Learn more about what commercial umbrella insurance can do for your business.

As a business owner, it is your responsibility to protect your company against the various risks that it faces.  One of the best ways to protect your business is by having the proper commercial insurance coverages in place.  However, even if you have standard business insurance, there could still be gaps in your coverage.  If you are worried about these gaps, then you might want to consider investing in commercial umbrella insurance.  Here’s what you need to know about this type of policy.

What is it?

Commercial umbrella insurance is a type of policy that offers businesses excess liability insurance.  For instance, if your business faced a particularly extensive claim that exceeded your standard liability limits, then your umbrella insurance would kick in and offer the necessary coverage.

What does it cover?

As previously mentioned, commercial umbrella insurance covers liability issues that go beyond what your standard commercial liability policies can cover.  For example, say a customer injures themselves on your business’s property.  This could lead to a rather large liability claim for your company.  If the injured customer’s medical expenses exceeded your standard liability policy’s coverage limits, then your umbrella insurance would step in and cover the rest of the claim.

Do I really need it?

While commercial umbrella insurance is not a mandatory type of coverage, there are some serious benefits to having this type of coverage around.  For instance, if you are worried about gaps in your business’s liability coverage, then having an umbrella policy is the best way to address these gaps.  Ultimately, if you want to get your business the comprehensive coverage that it needs, then getting a commercial umbrella policy is a great place to start.

Here’s what commercial umbrella insurance is and what it can do for your business.  Interested in finding the right business insurance for your company?  Then turn to the experts at Sausman Insurance in Mifflintown, Millersburg, and Lewistown, Pennsylvania.  Our team is ready to assist you with all your insurance needs.  Contact us to get started today.