About Commercial Liability Umbrella

Commercial Umbrella policies are perfect for the business owner who wants to add an extra layer of protection to their business. Although not required, umbrella policies are designed to cover excess costs once a normal policy’s payout limits have been met. At the Archer Insurance Agency, we can help you with any questions you may have relating to an Commercial Umbrella policy for your business.

• What is a Commercial Liability Umbrella Policy?

A commercial umbrella policy is purchased separately from other policies and has the purpose of providing higher coverage limits in case of a claim. For example, if your General Liability policy has a limit at 1 million dollars, purchasing an umbrella policy would provide an extension to a higher amount. This new amount can also be used for other policies, such as professional liability.

• Do I need a Commercial Liability Umbrella Policy?

Although not legally required, many business owners prefer to take an extra step in protecting their business from unforeseen situations, such as injuries, lawsuits, and natural disasters. Umbrella policies were designed with this in mind and allow a business owner to significantly reduce their financial risk.

• Is purchasing a Commercial Liability Umbrella policy expensive?

Every policy is different, and every business requires different kinds of coverage, however, umbrella policies are usually a good financial option that provide large amounts of coverage for a relatively small premium.

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