Commercial Umbrella/Excess

Business InsuranceIf umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

In today’s society, the cost and number of lawsuits is rapidly increasing. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. You have worked too hard to build your business to have it taken away in an instant! Call Strand Insurance at 800-700-8281 today to talk about a commercial umbrella insurance policy.

What you need to know about commercial umbrella insurance

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards Strand Insurance recommends that your business insurance program include this coverage.

What is Excess Liability Coverage?

This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Who needs Excess Liability Coverage?

Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

Talk to Strand Insurance today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at 800-700-8281 and we’ll help make sure you’re covered.