Standard business insurance policies have coverage limits. If you face a large claim, those limits may not be enough. Commercial umbrella insurance steps in to provide extra protection.
Key Benefits:
Don’t let one unexpected claim threaten your business—get protected today.
Commercial umbrella insurance is an additional layer of protection that goes beyond the coverage limits of your primary business insurance policies. It is designed to provide extra liability coverage for situations where your standard policies, such as general liability, commercial auto, or employer’s liability, might not be enough.
If someone is injured while on your premises, such as a customer or vendor, umbrella insurance covers liability claims for medical bills and legal costs that exceed your general liability policy’s limits.
If your business operations accidentally damage someone else’s property, umbrella insurance helps cover the costs of repairs or replacement beyond the primary property damage coverage in your standard liability policy.
If your company vehicle is involved in an accident and the damages exceed your commercial auto insurance limits, umbrella coverage kicks in to cover the excess costs, including repair costs and legal fees if a lawsuit is involved.
Commercial umbrella insurance can also extend protection for employer liability claims that aren’t fully covered by workers’ compensation insurance, such as wrongful termination, discrimination, or harassment claims.
It provides financial support for legal fees, medical bills, and court-awarded settlements that surpass the limits of your existing coverage, ensuring your business isn’t financially crippled by large claims or lawsuits.
Any business that faces liability risks can benefit from commercial umbrella coverage, especially:
Fact: One major lawsuit could easily exceed standard coverage limits.
The cost of commercial umbrella insurance depends on:
Average Costs: Commercial umbrella insurance starts around $500-$1,500 annually for small businesses.
Understanding the difference between umbrella and excess liability insurance:
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Feature
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Commercial Umbrella Insurance
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Excess Liability Insurance
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|---|---|---|
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Scope of Coverage
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Extends limits for multiple policies
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Extends limits for one specific policy
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Broader Protection
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Includes additional liability protections
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Focuses strictly on underlying policy limits
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Best For
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Businesses needing flexible, wide coverage
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Businesses needing additional coverage for a single risk
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Key Insight: Commercial umbrella insurance offers broader, multi-policy protection for greater peace of mind.
Getting covered through Brabham Griffin is simple—we make it easy to secure the protection your business needs quickly and confidently.
Fill out our online form or give us a call.
Work with our experts to choose the right coverage.
Start protecting your business immediately.
While commercial umbrella insurance is broad, there are exclusions to be aware of such as claims within the underlying policy limits, employee theft or dishonest acts, damage to business-owned property, and commercial auto coverage if not included in the primary policy.
Tip: Review your policy carefully to understand what’s covered and consider adding endorsements if needed.
Ensure you select the right policy by considering your coverage needs by evaluating your liability risks and coverage gaps, knowing your policy Limits by choosing limits that align with your financial risk tolerance, understanding your unique exposures based on your operation, and working with experienced insurers offering tailored coverage
Don’t wait for an accident to happen. Protect your business with affordable, reliable commercial general liability insurance.
Proudly serving families and businesses across South Carolina and the Southeast with Brabham Griffin Insurance’s trusted solutions.
