What is Commercial Umbrella Insurance?

A policy designed to protect businesses against catastrophic losses. The rising rates of lawsuits in today’s society are important for business owners to consider. The umbrella policy serves a couple of purposes: it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims and it provides protection against some claims not covered by the underlying policies.

Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.