Commercial Umbrella

Umbrella Insurance

An umbrella policy provides protection above the limits available in your traditional policies – think of it as insurance on top of your insurance. It can protect you in the event of an excessive lawsuit or large claims where your primary insurance may fall short..

Commercial/Business Umbrella Policy

Businesses can be at great risk for costly claims and lawsuits and therefore should seriously consider an umbrella policy for additional protection. Just like personal umbrella insurance, a commercial umbrella policy helps cover the gap when a claim exceeds the policy limits of the standard policy. Without an umbrella policy, a business could face costly legal fees and damage expenses.

Here is an example of when an umbrella policy can save a business from costly financial exposure. Let’s say a customer slips on some water from a leaky pipe inside your establishment and suffers a severe back injury resulting in expensive medical bills and lost wages. A lawsuit could mean damages that exceed what is in your general liability policy, exposing your business to a costly payout to cover the entirety of the claim. An umbrella policy in this case could help cover the additional legal expenses and hefty claim cost against your business from this accident.

Here is another example. Let’s say your business transports goods and one of your truck drivers is negligent while driving during work hours causing a horrific multi-car accident on the highway. The physical damage to the other vehicles, bodily injuries of the third parties and legal fees could be substantial. Your umbrella policy could help cover the costs that exceed the amount in your liability policies. Catastrophic events such as this can put the entirety of your business at risk if you are not protected.

An umbrella can provide you and your business with appropriate protection from such excessive risks.

Wondering just how vulnerable you are and how much additional coverage you need? Fill out this quick and easy form to get you started and then talk with a Brooks, Todd & McNeil agent about getting the coverage that keeps your business protected.

“The first time I met Jen Espinal was in March 2016. I was in need of new insurance for my car and home since my premiums kept rising with my old insurance. Jen did research for me on the best options and matched me with a company that had a lower rate and more coverage. All during the process Jen kept me up to date on the process, sent me the necessary forms to fill out, and was available to answer my questions. If I could not get her directly, I could email her or leave a voice message in which she would get back to me promptly. She made the process of switching insurance as painless as possible since it can be daunting and time consuming. Jen was professional in her contacts with me and it was a pleasure to work with her.” — Susan Denz, Manchester, CT
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