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Commercial umbrella insurance
Commercial umbrella and excess liability insurance
Higher liability limits over your general liability, commercial auto and employers liability, for contracts and catastrophic claims.
A commercial umbrella policy adds liability limits, usually in $1 million increments, above your general liability, commercial auto and stop-gap employers liability policies. It responds when a serious claim exhausts your primary limits, and it is often the most cost-effective way to meet contract requirements of $2 million, $5 million or more.
Why businesses buy umbrella coverage
- Client, landlord or general contractor contracts require higher limits
- Vehicle accidents with serious injuries can exceed $1 million quickly
- Restaurants and bars with liquor exposure
- Property owners with high foot traffic
- Protecting business assets and owners from a single catastrophic claim
Umbrella vs. excess
An umbrella can be broader than the underlying policies in some cases. An excess policy follows the underlying terms exactly. We explain which you are getting and line up the underlying limits so there are no gaps.
Commercial umbrella FAQ
How much does a commercial umbrella cost?
It depends on the industry, vehicles, payroll and claims history. For many small businesses the first $1 million layer is relatively affordable compared with the protection it adds.
Does an umbrella cover professional liability?
Usually not. Professional liability limits are increased on the professional liability policy itself.
Related coverage
Get a quote from Edmonds Insurance
Call (425) 555-0100 or request a quote online. Our Edmonds office is open Monday through Friday, 9 am to 5 pm, at 7523 220th St SW.