It can also help pay for you to regain your reputation and fight back in certain cases as well. Example: A thief breaks into a medical office and steals laptops and other electronic equipment. An umbrella insurance policy is affordable. The liability umbrella insurance is pretty inexpensive compared to other coverage policies. Commercial umbrella insurance can come to the rescue under such circumstances. These policies, which can be bought by individuals and businesses, provide cost effective coverage as one of its several benefits. Umbrella Coverage goes above and beyond basic business liability insurance limits, offering up to $10 million of additional funds to manage situations just like this. As you don’t have to raise the limits on your other individual policies, it is the best option when you want a commercial insurance policy with a higher limit. Why You Need an Umbrella Policy. Umbrella liability insurance protects the financial interests of its policy owners by providing extra blankets of coverage on top of other insurance plans. Whether you are searching for wood umbrellas, fiberglass umbrellas, or aluminum umbrellas, each commercial umbrella model is crafted and designed with unrivaled performance and durability in mind. When your business needs an extra layer of liability protection against potentially catastrophic and unforeseen claims, commercial umbrella insurance is the perfect choice. Want to see how much we can save you? Commercial umbrella insurance is a supplemental liability insurance that’s widely available to businesses. Why You Need an Umbrella Policy. It can also help pay for you to regain your reputation and fight back in certain cases as well. If you are a small business owner, … Get a … Umbrella insurance can only be added to liability policies, not property insurance. Adding extra liability coverage to your auto- and homeowners-insurance policies can protect your finances from expensive lawsuits. Check with GEICO to determine whether umbrella insurance is right for you. Your assets, as well as your future earnings, are protected. Talley Benefits Insurance Group offers free, comparative quotes on commercial umbrella insurance from multiple insurance carriers so you can get the best possible rate. Umbrella insurance is a form of liability insurance that will supplement your basic liability policies, such as your auto, home or renters insurance. Learn more about the benefits of an umbrella insurance policy with GEICO, and why you should consider a personal umbrella policy as added protection beyond the limits of your auto or homeowners policies. In the event that a claim exceed the limits of your primary insurance policy, commercial umbrella coverage gives you and your assets additional protection. What are the benefits of commercial umbrella insurance? It's where all the good stuff is located – from Group Benefits forms, claims services and wellness information to a host of other online tools. If your answer is no, that’s where Commercial Umbrella Coverage comes in. Umbrella insurance is there to help you defend yourself in the case of false arrest, imprisonment, defamation, or eviction/malicious prosecution. Commercial Umbrella insurance starts where your other policies end, helping you reduce your out-of-pocket costs. Once the limits of underlying, primary policies have been set to their maximum allowed amounts, commercial umbrella coverage is one of the few ways that businesses can purchase further coverage. 7. Just request a quote to find out. Want to see how much we can save you? However, umbrella insurance will not extend coverage limits on errors and omissions or … At that time, the commercial umbrella policy would pay out the remaining costs. Umbrella insurance is typically the only insurance that will cover these kinds of situations. Umbrella insurance is a form of liability insurance that will supplement your basic liability policies, such as your auto, home or renters insurance. 7. A commercial umbrella policy used to be regarded as a specialty product only for larger insureds or those facing significant hazards. A commercial umbrella policy kicks in only if your main business insurance policy reaches the payout limit. Getty Images. Commercial Umbrella Insurance. If you are a group benefits plan advisor, plan administrator or plan member, this secure site is for you. Sometimes known as personal liability coverage, umbrella insurance is intended for … Just request a quote to find out. covered by your commercial umbrella policy,but not by your primary policies.These expenses are paid in addition to your policy limit. Commercial property insurance can help pay to replace the stolen items and repair the broken window. Adding extra liability coverage to your auto- and homeowners-insurance policies can protect your finances from expensive lawsuits.