If your business has special needs above and beyond normal commercial insurance policies, you may need additional protection. Your BOP policy or general insurance policy may not cover damages above a certain amount. When you need extra coverage to cover a wider range of business operations or you need a higher amount of coverage, you can count on our team of professionals to help you find a policy to keep you safe.
Imagine your building faces a gas leak that causes injury or your employees fail to perform adequate services for clients and customers. Your general policy covers $1 million worth of damages, but the courts hold you responsible for $1.75 million. Instead of having to pay $750,000 out of pocket, an umbrella policy can cover the settlement. When things you could never anticipate arise, umbrella coverage will handle the cost of lawsuits, injury, and more. Make sure your overall coverage is enough to keep you in business, even in the face of extreme circumstances.
Your umbrella/excess commercial policy may include additional benefits for:
- General liability insurance. Improve your ability to cover damages related to lawsuit expenses, medical expenses, damages, payroll expenses, and 3rd party property damage with additional coverage.
- Commercial auto insurance. Prepare for any accident with coverage including collision, bodily injury, and more.
- Employer’s liability insurance. Protect yourself from liability lawsuits arising from outside parties in employee injury accidents with this additional coverage.
If you are concerned that your general commercial insurance policy will not protect you in the event of a worst-case-scenario, it may be beneficial to look at getting additional coverage to bolster your current benefits. For more information about how an umbrella policy can help your business prepare for anything, call us at (814) 443-6567 for our Somerset office or (814) 395-3022 for our Confluence office. We can answer your questions and provide a free, no obligation quote to help you get started.