Umbrella Insurance Policy Business

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Umbrella insurance policy business. Coverage is worldwide and applies to the following. An umbrella insurance policy can help cover your resulting expenses in situations like this up to your policy s limit. Essentially it picks up where your business auto liability general liability or other liability coverage stops. Umbrella liability insurance provides an extra layer of protection against bodily injury and or property damage.

To own umbrella insurance you must own. It applies over and above the coverage afforded by your primary general liability policy if you have purchased commercial auto liability and or employers liability coverage your umbrella should include those coverages as well. Travelers insurance offers both a personal and business umbrella insurance policy with limits that begin at 1 million and go up to 10 million depending on eligibility requirements. Commercial umbrella insurance would help with the costs for their medical expenses lawsuits and judgments against your business.

If a customer slips and falls in your store and suffers a serious injury a business liability policy may pay for legal and medical expenses associated with a lawsuit. This can put your business and property at serious risk. How does umbrella insurance work for small business. An umbrella is a type of liability policy.

Without umbrella coverage to extend your policy you would have to find a way pay for the amount it doesn t cover.