If you own a business, you probably have some form of general liability insurance to protect you in the event of a lawsuit due to negligence on your part. However, there may be situations where the limits of your general liability policy may not provide adequate protection. A commercial umbrella can provide you and your business with additional liability protection.
As a commercial umbrella policy provides liability limits in excess of those on your general liability policy, you and your business can enjoy additional protection in the event of a catastrophic event that may result in hundreds of thousands or even millions of dollars being awarded to plaintiffs in a lawsuit as a result of your negligent act. Commercial umbrella policy coverage types and amounts will vary depending on the issuing company.
Commercial umbrella policies can be a good value because they provide much additional insurance protection for a relatively small premium. This is because umbrellas are considered secondary coverage, meaning that your primary policy limits must first be exhausted before coverage takes effect from your commercial umbrella policy.
Request a Quote from Park West Insurance. It's free, simple, fast and imposes no obligations upon you.