Coverage for unexpected storms.
Umbrella/Excess
A Commercial Umbrella policy provides an additional layer of liability coverage beyond the limits of an underlying insurance policy, such as a Commercial General Liability policy. It helps protect businesses from the financial consequences of lawsuits or other liability claims that exceed the limits of their primary insurance coverage. Social inflation has lead to a sharp increase in umbrella claims.
HOW TO CHOOSE THE RIGHT POLICY
Assess your business's liability risks. Consider the risks associated with the industry you operate in, and the value of your business and assets. This will help you determine the amount of coverage you need.
Look for a policy with coverage limits that meet your needs. The policy should provide enough coverage to protect your business from significant financial loss in the event of a liability claim.