Commercial Umbrella Insurance
The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Contact H & H Insurance Brokers about a commercial umbrella policy.
South Carolina – What You Need to Know About Commercial Umbrella Insurance
A commercial umbrella policy helps protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, H & H Insurance Brokers recommends that your business policy include this coverage.
What is Excess Liability Coverage?
Excess liability coverage provides extra liability limits over an umbrella policy. This coverage usually follows the terms of the first underlying insurance policy.
Who Needs Excess Liability Coverage?
Higher limits may be necessary for businesses with high loss potential, high profile, sizeable sales, numerous assets, large auto fleets, worldwide presence, and/or significant public exposure.
Talk to H & H Insurance Brokers today about your business operations and we can advise you as to what kind of liability coverage you need to protect yourself and your company.
If umbrella policies are good for individuals, then they are essential for businesses. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving or closing.