Commercial Umbrella Insurance Commercial Umbrella Insurance

If umbrella policies are good for individuals, then they are extremely good, even imperative for businesses. Mallory-Tate knows that when a catastrophic liability loss happens to a business, a commercial umbrella insurance policy can mean the difference between a business surviving and falling flat on its face.

The rising costs of lawsuits and judgments are extremely important for today’s business owner to take into consideration. Catastrophic liability losses can happen to any business at the drop of a hat. A business’ future can turn on a dime, at any time, and a commercial umbrella insurance policy protects the business when those losses exceed the company’s basic liability coverage. The time and effort that has been put into building a business are far too important for it to disappear after one unforeseen event.

Commercial Umbrella insurance helps a business owner protect his or her assets by providing liability limits above and beyond what is included in their other insurance policies. In some cases, it even broadens the business owner’s protection. Due to the unpredictable nature of jury awards, Mallory-Tate Insurance strongly recommends that your business insurance program include this priceless coverage.

What is Excess Liability Coverage?

Excess Liability coverage provides extra liability limits that extend even above 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 who by nature come with a high loss potential, a high profile, sizable sales, numerous assets, large auto fleets, a worldwide presence, and/or a significant public exposure. 

Talk to a professional independent insurance agent at Mallory-Tate Insurance Services. LLC. about your specific business operations. We can advise you on what kind of liability coverage you need to protect yourself and your company. Give us a call and we will help make sure you are appropriately covered.