Small Business Umbrella Insurance
Commercial umbrella insurance adds additional coverage to your business liability policies.
Small business umbrella insurance. How commercial umbrella insurance works. For example if your company is found liable for a customers injury at your place of business and you are sued for 15 million but only have 1 million in liability coverage a commercial umbrella policy could make up for the 500000 shortfall subject to the policys coverage limits. Small business umbrella insurance coverage can help protect against a number of liability risks.
So if you have a general liability insurance policy from another insurer we can help extend that policy. The average price of a standard 1000000 Commercial Umbrella Insurance policy for small businesses ranges from 47 to 99 per month based on location underyling policies payroll sales and experience. Protect the other important assets in your company with group health insurance general liability insurance professional liability insurance employee benefits umbrella insurance 401k retirement plans and more.
Lets say one of your employees gets into a car accident while making a delivery to a customer. The addition of umbrella liability insurance or excess liability is much like adding another brick to your insurance foundation. A commercial umbrella policy serves 2 distinct purposes.
Business Auto Insurance Cover your business with insurance for commercial vehicles. At a minimum most businesses have commercial general liability insurance either on its own or as part. Speak with an insurance broker to find out if this coverage may be a good fit for your business.
While personal umbrella insurance is intended for high net worth individuals or those who are at risk for lawsuits commercial insurance is a good option for small business owners who wish to. Commercial umbrella insurance offers excess liability protection in the event of a lawsuit or other costly incident where general liability coverage may be insufficient. Our commercial umbrella insurance is flexible.
This is why many business owners purchase an umbrella insurance policy. Guide to Property Insurance For Businesses. Protect the other important assets in your company with workers compensation insurance group health insurance general liability insurance professional liability insurance employee benefits umbrella insurance 401k retirement plans.