Commercial Umbrella Insurance
If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.
The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Contact Savoy Insurance Group today about a commercial umbrella insurance policy.
Northeast Ohio – What you need to know about commercial umbrella insurance
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Savoy Insurance Group recommends that your business insurance program include this coverage.
What is Excess Liability Coverage?
This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.
Who needs Excess Liability Coverage?
Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.
Talk to Savoy Insurance Group today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at 440-365-0435 and we’ll help make sure you’re covered.
Commercial Umbrella Insurance FAQ
What does a Commercial Umbrella Insurance policy cover?
A commercial umbrella insurance policy can protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. This type of policy is essential for businesses of all sizes.
Does my business need Commercial Umbrella Insurance?
If you own a small or medium sized business, a commercial umbrella insurance policy is likely a good fit for you. Feel free to give us a call at (440) 365-0435, or contact us online to discuss your business’s unique needs.
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