Umbrella Insurance

An umbrella policy boosts your existing insurance policies (liability, auto, employers and liquor) and is known as "underlying" insurance. It can cover one or more policies, as you prefer.

Who is Umbrella Insurance for?

Umbrella insurance is flexible and can be tailored to specific needs. It complements other policies and can cover costs that exceed the limits of those policies. It also covers many types of risks.

Customer Interaction

Regularly interacting with customers can increase a business’s liability risks more than those who don’t engage with customers often.

Open to Public

If your business is open to the public and serves many guests each day, you may face more legal responsibilities.

Works on Another's Property

Renting others’ property can result in increased legal liability lawsuits for businesses.

Why You Need Umbrella Insurance?

Companies buy insurance for protection, but sometimes the limits aren’t enough. This is where umbrella insurance comes in – it supplements other policies to provide added coverage.

Defense Costs

Winning a court case is a relief, but legal defense expenses can quickly drain your bank account. An umbrella policy is an affordable way to secure your financial future.

Increased Limits

Umbrella insurance provides extensive coverage for various unexpected situations like injuries, property damage, and lawsuits. Rest assured that you’re well protected for whatever life throws your way.

Inexpensive Option

Get umbrella insurance to fill coverage gaps at a lower cost instead of increasing other policies and risking a big bill.

Reasons to Get Umbrella Insurance

What Does Umbrella Insurance Cover?

Check your policy documents to confirm what your insurance covers. Umbrella insurance can cover things like:

Bodily Injury or Property Damage

Harm to people or their property caused by your business.

Personal and Advertising Injury

False arrest, unlawful detention or imprisonment, false accusations, eviction without cause, damaging statements, unauthorized use of creative material and ideas in advertising, and invasion of privacy.

Contractual Liability

Legal expenses can occur from assuming someone else’s liability for injuries or damage when dealing with “insured contracts” such as leases or easements. For instance, a company renting an office may take responsibility for injuries resulting from slip and fall accidents in the rented space.

Umbrella Insurance Claim Examples

Here are some claim examples that illustrate what Umbrella Insurance covers:

Insured Contract

The company is responsible for fixing damages caused by its improvements in the lease agreement. The umbrella policy pays the remaining $400,000 after the $1 million GL limit is reached.

Property Damage

An interior design company had a fire in a multi-million dollar apartment during a renovation. Their insurance did not cover the damage caused by the electrical contractor. However, they had an umbrella policy which covered the remaining amount owed to the apartment owner.

Bodily Injury

A cosmetics company faced lawsuits from employees and customers due to harmful chemicals in their product. The settlement cost of $1.5 million exceeded the company’s liability policies, so the umbrella carrier took over the defense.

Crime Insurance FAQ

What’s Not Covered?

Umbrella insurance doesn’t cover exclusions in underlying policies or increase limits for specific policies like property insurance.

How Much Does Umbrella Insurance Cost?

Umbrella policy prices depend on location, industry, and size, like other insurance policies.

What limits do you need?

Liability limits vary from $1 to $15 million depending on the business’ individual needs.

Bad stuff happens.

Imagine a policy that actually covers it.

Shoot us your email and we’ll kick off a conversation to help get you a quote on the best coverage for your brand.