Excess Liability (Umbrella)

Excess Liability

You’ve worked hard to build your business. With umbrella insurance you have an extra layer of protection for your investment. Contracts with landlords, vendors, or mortgage companies may require higher limits of insurance. And once the limit of your liability insurance is reached on your primary policy a excess policy is needed. Typically, an umbrella policy is pure liability coverage over and above the coverage afforded by the regular policy, and is sold in increments of one million dollars. The term "umbrella" is used because it often covers liability claims from all policies underneath it, such as Commercial Auto and General Liability policies.