COMMERCIAL UMBRELLA POLICIES
Commercial Umbrella Policies
Today, corporate lawsuits are unfortunately all too common. Even sadder, a company’s general liability insurance is often too small to cover all the related court costs, medical bills, and other expenditures related to the lawsuit. So, where do the remaining funds come from: your profits, your investors, your employees? Can your business even manage to stay afloat after a costly lawsuit?
Fortunately, a business umbrella insurance policy from Level3 Insurance can provide the coverage you need in excess of what your other typical commercial policies handle. In other words, in the event that a liability claim is large enough to exhaust the limits of the general liability, product liability, or commercial auto policy, your commercial umbrella coverage kicks in and handles the rest of your expenses.
A commercial umbrella insurance policy (also known as “excess liability insurance”) covers a wide range of liabilities, including
Personal injury liability
Vehicle liability, including aircraft & watercraft
Liquor law liability, and more
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