Commercial Umbrella Insurance

A commercial umbrella policy adds layers of protection, like an umbrella, to a commercial general liability policy in the event that the general liability policy does not cover the full amount of the loss or the loss itself is not covered. It “sits over” other liability policies including commercial auto and employer’s liability. Covered liabilities can include damage to third-party properties, persons, or even reputations resulting from your services or business operations.

Umbrella insurance costs depend on your industry and factors like payrolls, sales, location, and more. Visit bldrs.com and request your free quote today. 

General liability is concerned with damages to third parties – that means damages to your own property is not covered. This would fall under property insurance. Umbrella policies may incorporate exclusions in the underlying primary policy or contain their own exclusions.

It may, but umbrella insurance is an add-on to your general liability insurance, which is concerned with injuries to third parties, while workers’ compensation covers injuries to your own employees (first-party injuries). However, if an employee chose to sue the company due to injury, an umbrella policy could cover lawyer and settlement fees, but not usually medical and rehabilitation costs.