Commercial Umbrella Insurance
Umbrella Liability—which is also known as Excess Liability Insurance—provides you extra protection in the event of a catastrophic loss. Primary policies are called “underlying” policies and are specifically listed with their limits, on the umbrella policy. The underlying policies are generally your primary general liability, auto liability and the employer’s liability section of your workers comp policy. The umbrella coverage starts to pay when a covered loss exhausts the primary policy’s per occurrence limit.
For more information and exclusions on Commercial Umbrella policies, please contact your insurance agent today.