Umbrella / Excess Liability Policies
The Umbrella Liability Policy basically increases or extends your primary general liability limits, business auto liability limits and work comp employers liability by $1,000,000 or more.
It is a separate policy that basically follows form with underlying policies coverage, but increases the limits of liability. The limits of liability are purchased in $1,000,000 increments with limits of 1, 2, 3, 5, 10 or 20+ being common. The cost per million goes down significantly as you purchase higher limits.
This policy protects your business from the large claim's medical cost & resulting lawsuits that could bankrupt your business. Whether you want to protect your profitable business or just need an umbrella for job compliance, we can do it quick and competitively.
If your business is successful, has significant assets, or significant earnings you should consider this protection.