Commercial Umbrella Insurance
You’ve likely heard the phrase “Mind the gap,” and nowhere is it more important than in the realm of commercial insurance. Getting the right liability protection when running a business is one of key factors to ensuring that you continue to operate for years and years because it’s not a question of if an accident occurs, it’s when. Starting a business is a risky venture, but people do it every single day and we are dedicated to making sure business owners understand how essential a comprehensive commercial liability package is to their future. This is why we believe in commercial umbrella insurance.
It can be baffling to think that your current policy won’t cover all your needs, but all insurance providers have a set coverage limit. Lawsuits do not. Judges ordering millions of dollars’ worth of compensation is not unheard of these days. You’ll be hard pressed to find an insurance policy with that kind of limit. The more affordable route to gaining that extra protection is to purchase commercial umbrella insurance policy.
Commercial umbrella insurance coverage extends the limit of your current general liability, commercial auto liability and employers liability policy. These policies may also contain gaps in coverage that an commercial umbrella insurance policy can cover. Some features of the typical commercial umbrella liability policy offered by Green Peak insurance are:
- Worldwide coverage
- Personal injury coverage
- Blanket contractual liability protection (for written and oral agreements)
- Care, custody, and control coverage
- Non-owned aircraft liability
- Watercraft liability
- Advertisers liability
- Liquor law liability
- XCU liability
- Extension of protection to additional insurers
Although you may not need every single one of those coverages, your Green Peak insurance agent will analyze your current liability policy to identify gaps and low coverage limits. By working with someone who is familiar with your current policy, it’s much easier to find a reliable commercial umbrella insurance policy.
