Umbrella Liability Insurance
When running a business, unpredictable things can happen. When the worst case comes, you want to make sure you have the coverage you need. Umbrella insurance is an add-on policy that gives you an additional layer of protection when the loss you suffer exceeds the limits on your policy.
Umbrella can offer extended coverage to General Liability, Employment Practices Liability, Commercial Auto and others. One Umbrella Liability policy can cover the excess costs for all business insurance you own, so you don’t have to buy multiple umbrella policies.
Need more information? Speak with one of our insurance experts to see if this coverage is right for your business.
What Umbrella Liability costs
Like many coverages, the price of Umbrella depends on your industry and its associated risk characteristics. On average, businesses spend about $400 for every $1,000,000 of coverage. You can choose how much protection you want, but on average businesses purchase $4,000,000 of coverage.