Commercial Umbrella Insurance, Explained

Just like an umbrella provides us an extra layer of protection against the elements, a commercial umbrella insurance policy provides your business an extra layer of liability protection.

commercial umbrella insurance policy explained

If you own a business, chances are you have some form of general liability insurance. General liability insurance can help protect you in the event of a lawsuit; however, what if the limits of your policy aren’t enough?

If an employee gets into a car accident while they are out making a delivery to a customer, the property damage and bodily injury costs could exceed your business’ commercial auto insurance limits. If you don’t have a commercial umbrella insurance policy, you would be responsible for paying the amount that exceeds your policy limits.

Without a commercial umbrella insurance policy, you may be responsible to pay out of pocket for legal costs, medical bills, property damage, judgements and settlements if they exceed your general liability insurance limits.

The cost of a commercial umbrella insurance can be as little as $400 a year. The cost does vary depending on your business, the number of vehicles you own and several other factors.

Luckily, Jankowski Agency Inc. is an independent insurance agent located in Broadalbin, NY. We will shop around for a commercial umbrella insurance policy that will give you the coverage you need at a price you can afford. Give us a call at 518-883-3415, text us at 518-888-3054 or send us a message online.


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