Umbrella Insurance
You’ve got all the insurance you’re required to have, but what if a claim exceeds your policy limits?
What is Umbrella Insurance?
Umbrella Insurance is an affordable option to extend coverage limits your business already has in place. Just like the name implies, Umbrella insurance covers you if a claim exceeds your available insurance. Adding Umbrella Insurance can be less expensive than increasing your policy limits.
What is covered?
Imagine if your company was sued for $3 million and you only had $2 million in coverage. You’d have to pay the remaining $1 million out of the company’s pocket. Umbrella Insurance is designed to help you by extending your coverage limits.
Umbrella Insurance typically covers:
- Customer property damage
- Medical expenses
- Bodily injury
- Product liability
- Slander & libel
- Legal defense costs