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Commercial Umbrella
Additional liability capacity for serious losses.
A severe liability claim can exceed the limits of an underlying policy. Commercial umbrella or excess liability coverage can provide additional limits above qualifying underlying coverage.
What to understand
How commercial umbrella can fit into a business program.
- Additional limits above qualifying underlying policies
- Certain covered liability exposures that exceed underlying limits
- Broader liability capacity for contractual or risk-management goals
Review considerations
Details worth discussing.
- Underlying auto and general liability limits
- Fleet size and vehicle severity exposures
- Contractual insurance requirements
- Operations, assets, and desired liability capacity
Commercial Umbrella FAQs
Business risk deserves specific questions.
What policies can sit under a commercial umbrella?
Eligible underlying policies vary. General liability and commercial auto are common examples, but requirements depend on the umbrella or excess policy.
How much umbrella coverage should a business carry?
There is no universal amount. Contracts, operations, assets, vehicles, loss severity, and risk tolerance are all part of the discussion.
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