Commercial Umbrella

Protect Your Business with Comprehensive Commercial Umbrella Insurance
The Basics of Commercial Umbrella Insurance
While your standard business liability coverage provides essential protection, sometimes more is needed. Commercial umbrella insurance offers extra protection by expanding your liability coverage and filling in gaps that your existing policies may not cover.
A business umbrella policy serves two key purposes:
- Excess Liability: It increases the limits of your current liability policies. For example, if your general liability policy covers up to $1 million per occurrence, a commercial umbrella policy can increase that to $3 million per occurrence, providing an additional layer of coverage to protect your business.
- Broader Coverage: A business umbrella policy also extends coverage for situations that your primary liability policies might not include. For example, if your commercial auto policy only covers accidents within a specific region, an umbrella policy can broaden the coverage territory to ensure you’re protected no matter where you are.
Why Is Commercial Umbrella Insurance Important?
A commercial umbrella policy is crucial for protecting your business from large claims that could potentially threaten your assets. If the cost of a lawsuit exceeds the limits of your primary insurance policies, excess liability coverage from a business umbrella policy provides the financial backup needed to cover those costs. Without this additional coverage, you could be left to pay out of pocket for legal fees, medical bills, and damages that go beyond the limits of your commercial general liability or workers compensation policies.
Here’s why commercial umbrella insurance is so important:
- Protection Against Large Claims: Significant legal and financial risks arise when lawsuits exceed the limits of your current coverage. Without excess liability, you may face the financial burden of paying these costs yourself, potentially jeopardizing your business.
- Extra Protection for Business Assets: With a business umbrella policy, your business’s physical assets and operations are shielded from large and unexpected claims, ensuring your financial stability.
- Coverage for Gaps in Existing Policies: While your primary policies—like commercial auto, commercial general liability, and employers liability—cover most risks, a commercial umbrella policy extends your coverage and ensures you’re protected in more situations.
What to Discuss With Your Agent
Before purchasing commercial umbrella insurance, discuss the following details with your independent insurance agent to ensure your policy provides the protection your business needs:
- The type of business you operate and the specific risks in your industry.
- Your current liability limits for general liability, commercial auto, and workers compensation.
- Any requirements from general contractors or clients that might necessitate higher liability limits.
- The reputation of the insurance provider for customer service and the ability to process claims efficiently.
- The responsiveness of the insurance agency in generating certificates, processing policy changes, and managing claims.
Why Choose PDR Insurance for Your Commercial Umbrella Coverage?
At PDR Insurance, we understand that businesses need a comprehensive approach to liability protection. Our commercial umbrella policies provide the extra protection you need to secure your business against large claims and ensure that you’re covered in all situations. Whether you’re looking to enhance your commercial general liability, commercial auto, or employers liability policies, we work with top-rated insurance carriers to provide you with tailored solutions that fit your business’s needs.
Contact PDR Insurance Today
Don’t leave your business vulnerable to large claims. Contact PDR Insurance today at 801-316-1390 or visit our contact page to learn more about commercial umbrella insurance and get a customized quote for excess liability coverage.
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