Umbrella Liability Insurance

Umbrella liability insurance for businesses, also known as excess liability insurance or commercial umbrella insurance, provides additional protection when a claim exceeds insurance limits on an underlying policy.

How does umbrella liability insurance protect your business?

For a single premium, umbrella liability or excess liability policies add another layer of protection to any of several other policies that you might hold, including general liability, employer's liability, and hired and non-owned auto liability policies. For instance, if you have $2 million in general liability coverage and a covered claim is settled for $2.5 million, your small business's umbrella liability insurance policy would pick up the additional amount.

Excess liability insurance is generally the most affordable way to get higher policy limits on several other business insurance policies. However, you should note that umbrella liability insurance does not extend the coverage limits on an errors and omissions or professional liability policy.