Umbrella Liability Insurance

What is Umbrella Liability Insurance?

Umbrella Liability Insurance provides additional liability coverage beyond the limits of your existing business insurance policies. This insurance is designed to protect your business from large claims or lawsuits that exceed your primary insurance coverage, offering an extra layer of financial security.

What Does Umbrella Liability Insurance Cover?

Umbrella Liability Insurance typically includes the following coverages:

• Excess Liability: Provides additional coverage when the limits of your underlying liability policies (such as General Liability, Auto Liability, or Employers Liability) are exhausted.
• Coverage for Certain Exclusions: Offers coverage for certain claims that may be excluded from your primary policies, subject to the terms of the umbrella policy.
• Legal Defense Costs: Covers legal defense costs that arise from claims covered by the umbrella policy.
• Worldwide Coverage: Provides liability coverage for claims that occur outside the United States, depending on the policy terms.

Who Needs Umbrella Liability Insurance?

Businesses that want to protect themselves from large liability claims should consider Umbrella Liability Insurance. This coverage is especially important for businesses with significant assets, high exposure to liability risks, or those operating in industries prone to lawsuits.