Excess Liability - Umbrella Insurance

Excess Liability Business Umbrella Insurance is a supplementary insurance policy that provides additional coverage beyond the limits of your primary liability policies, such as general liability, commercial auto, and employers' liability insurance.

Businesses need Excess Umbrella Insurance to protect their assets and financial well-being when a claim or lawsuit exceeds the limits of their primary liability policies. It offers an extra layer of security against catastrophic losses.

Excess Liability Umbrella Insurance can cover a wide range of claims, including bodily injury, property damage, personal injury, libel, slander, and even claims related to reputational harm. It extends coverage for various liability risks.

No, Excess Umbrella Insurance is not limited to large corporations. It is beneficial for businesses of all sizes. Small and medium-sized businesses can also face substantial liability claims, and this insurance provides crucial protection.

Yes, Excess Umbrella Insurance typically includes coverage for legal defense costs. It not only covers the settlement or judgment but also the expenses associated with legal representation, which can be substantial.

Yes, Excess Umbrella Insurance can provide coverage for certain claims that may not be covered by your primary policies. It can offer protection for unique liability risks specific to your business.

Yes, some Excess Umbrella policies can provide coverage for claims and legal actions that occur internationally. It's essential to review your policy to understand the scope of coverage.

Excess Umbrella Insurance is not typically required by law, but it is highly recommended, especially for businesses that want to safeguard their assets and financial stability against substantial liability claims.

Yes, Excess Umbrella Insurance can often be customized to align with your business's unique needs and risk profile. We will work with you to tailor coverage to suit your specific requirements.