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Commercial Umbrella insurance
Get an extra layer of liability protection to safeguard your business when a serious accident puts everything you have at risk.
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What is commercial umbrella insurance?
All commercial insurance policies, such as general liability policies, business owner's policies and commercial auto policies, have limits on the amount of liability coverage they will provide. A commercial umbrella insurance policy provides additional coverage when a liability claim exceeds those limits.
What's covered under a commercial umbrella insurance policy?
Commercial umbrella insurance for small business covers the same types of claims of bodily injury and property damage from a third party as a general liability policy would, including those for
- Bodily injuries
- Damage to buildings, land and other property
- Personal injuries (mental or emotional harm)
- Advertising injuries (copyright infringement)
Why choose Liberty Mutual for commercial umbrella coverage?
Why work with independent insurance agents
Why is umbrella insurance important for a small business?
The liability coverage included with a core commercial insurance policy is usually sufficient for protecting a small business against liability claims.
However, accidents occasionally end up being much worse - and the consequences can devastate a small business if it's found liable.
Suppose you have a commercial auto policy with a $1 million limit, and one of your employees causes a multi-vehicle accident while driving one of your commercially insured vehicles. Following the accident, your business faces $2 million in lawsuits. An umbrella policy providing excess liability coverage could help protect your business in this situation.
When weighing the need for commercial umbrella coverage, consider factors that could increase your risk of large liability claims, such as
- Frequent customer interactions, in person or online
- The use of cars, trucks, or other vehicles for deliveries or transportation to and from jobsites
- The sale of products or services that carry a risk of claims for third-party injuries or property damage
Umbrella insurance frequently asked questions
Umbrella insurance provides an extra layer of protection whenever the cost of a claim exceeds the limits of your primary policy. When a claim reaches the liability limit of the primary policy, the umbrella policy can kick in and help you avoid paying out-of-pocket costs.
The cost of umbrella insurance varies widely and is based on several factors, including your industry and how much additional liability coverage you choose. The size of your business and claims history can also influence the cost of an umbrella policy for your small business.
The amount of umbrella insurance you need depends on the risks inherent to your business type and operations. An independent agent can help you select the right level of umbrella coverage.
Commercial umbrella insurance doesn't cover property damage (unless it's included in your general liability policy). It primarily increases the limits for liability coverage included in your primary policy. It also typically doesn't cover liability exposures excluded from your primary policy.
Commercial umbrella insurance is specifically designed to supplement the liability coverage on other policies, so you cannot buy a standalone umbrella policy.
Yes. Umbrella insurance can increase the liability limits on a commercial auto policy. However, it doesn't cover physical damage to your vehicles from an accident.
Protect what you've worked
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Take the first step by getting a quote now or finding an independent
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