Commercial Umbrella Insurance
Providing Insurance in New Madrid, Missouri
Commercial Umbrella Insurance Solutions
Business umbrella insurance is intended to complement current insurance plans and offer an extra layer of security for your company. We'll work with you to identify the ideal umbrella solution to meet every requirement of your organization.
A excellent method to further safeguard your assets is by purchasing commercial umbrella insurance. If you get in touch, we'll assist you decide if it's appropriate for your company.
Our Commercial Umbrella Coverage:
Umbrella insurance for businesses is all about going above and beyond. It's an additional layer of defense that takes effect in the worst-case scenario for your commercial insurance policy.
Most business insurance plans have a payout limit, whether they cover commercial property or commercial liability. Typically, any costs that exceed this cap would be the responsibility of your company. This kind of unanticipated expense might endanger your company's very existence.
Only after your primary commercial insurance policy's payment maximum is reached does a commercial umbrella policy take effect. The business umbrella coverage would then cover the remaining expenses.
For instance, suppose your company has a $500,000 liability insurance coverage, but you still have to pay $700,000 in damages. If your company is covered by a commercial umbrella policy, the liability insurance coverage will pay out in full first, and the umbrella policy will subsequently cover the remaining $200,000 if necessary.
The appeal of umbrella insurance is, that despite the minimal likelihood that it would be required to pay out, it is sometimes far less expensive to buy than you may anticipate.
Commercial Umbrella Insurance Form
One of our insurance advisors will reach out to you to review your information and present you with the appropriate Commercial Umbrella insurance solution. There’s no obligation, just good-old-fashioned advice.