Commercial umbrella insurance is about going one step further for an added layer of protection if the very worst happens with your business insurance policies.
Most business insurance policies–whether they cover commercial general liability or commercial property–have a payout limit. Normally, your business would be on the hook for any expenses above and beyond this limit. A commercial umbrella policy kicks in only if your main business insurance policy reaches the payout limit. At that time, the commercial umbrella policy would pay out the remaining costs.
For example, let’s say you have a liability insurance policy of $500,000 for your business, but you must pay damages of $750,000. If you have a commercial umbrella policy in place for your business, the liability coverage policy will pay out in full first, and then the umbrella policy will pick up the remaining $250,000.
Because there’s a relatively low chance it will need to pay out, it’s often considerably cheaper to purchase than you might expect. Commercial umbrella insurance is a great way to further protect your assets. Reach out, and we’ll help you to determine if it’s right for your business.
Our dedicated staff of insurance professionals are here to assist you in securing an insurance policy to protect the things you've worked hard for. With a vast knowledge of our many carriers, we are equipped to shop for the best policy to suit your specific needs. Our job is to help you navigate through the sea of policy options and clarify any questions or concerns you may have along the way. We’ve successfully served hundreds of customers and are determined to treat each individual with respect and compassion. Shopping for insurance can be difficult, but our staff does the work for you and one of our goals is to keep this as effortless as possible for you. Maintain your peace of mind knowing that our insurance professionals have your back.
Discuss your goals and coverage needs
Review your best-fit insurance plan
Choose your billing preferences
We happily service Fort Collins, Greeley, Windsor, Loveland, Timnath, Wellington, Evans, Johnstown, Eaton, Berthoud, Severance, Milliken & all communities in Colorado.
This team really gives me Solutions every time I need something from them. If I need to include a car or truck to my commercial policy, they really work fast on it and that makes me feel represented. Same thing on my business needs. Thanks a lot Squires Team.