Commercial Umbrella Insurance

Protect your company with commercial umbrella insurance from Team Insurance

Standard Business Insurance policies will protect you in the majority of situations. However, a serious accident not covered by your insurance can be detrimental to your business. We at Team Insurance understand the importance of protection across the various aspects of your business, and we work with multiple carriers nationwide to deliver you the best commercial umbrella insurance solutions customized to reflect the needs of your business.

When serious situations take place, Commercial Umbrella Insurance will add that extra layer of protection to your other policies by providing coverage beyond the limits of what your other insurance covers. In most cases, Commercial Umbrella Insurance extends Commercial Auto, Commercial Liability or other liability coverage. Moreover, umbrella insurance can provide coverage for the accidents not protected by your policies.

umbrella insurance

Things to Consider:

There are two reasons why your business should purchase Commercial Umbrella:

  • In the event your company already has existing liability policies, umbrella insurance will expand the coverage limit. As an example, if your business has a General Liability policy that offers $1,000,000 in coverage per occurrence of $2,000,000, you can purchase a $2,000,000 umbrella policy which will extend those limits to $3,000,000 per occurrence and $4,000,000 aggregate.
  • In the event your existing policies do not cover a particular accident, the umbrella insurance will step in. As an example, if your Commercial Auto policy covers accidents that occur in a specific territory, the umbrella insurance can expand the area of coverage.

Get in Contact:

Commercial Umbrella Insurance policy can be tailored to meet the individual needs of your business. Speak to our licensed agents who can help you select the policy best suited to fulfill your needs. Get in touch with us today to receive your fully customized insurance quote. Discover the different coverage options and see how we can make a difference in your life!

Popular Coverage Options:

Liability Coverage

Commercial Umbrella Insurance offers large liability limits, up to $5,000,000. If you are looking for a policy with higher limits of liability, it can be available subject to approval.

Personal Injury Protection

The policy will protect you in the event of suits or claims against you, including slander, libel, defamation of character, mental anguish, false arrest, invasion of privacy, wrongful eviction, and false imprisonment.

Legal Defense

Because court cases can quickly become costly to your business, the policy offers coverage to protect your business from legal defense expenses.

Worldwide Coverage

Your other insurance policies will probably not provide coverage for the incidents that occur outside of the country. Commercial Umbrella Insurance will offer protection in such events.

Care, Custody, and Control

For short periods of time, the policy will provide coverage for the property of the people in your care, control, or custody.

Liquor Law Liability

The policy protects the businesses that sell liquor products, such as liquor stores and grocery stores.

Blanket Contractual Liability

In the event your underlying liability policy does not provide coverage for certain contracts, or has specific wording that limits coverage, Commercial Umbrella insurance will offer protection.