Topic

Commercial umbrella insurance

Business insurance glossary
Occurrence-based insurance policy

Occurrence-based insurance is a type of policy that pays for losses that occur during the policy period, even if it’s no longer active when you file a claim.

Business insurance glossary
Commercial umbrella insurance

Commercial umbrella insurance is defined as a form of business liability insurance that provides extra protection against lawsuits filed against you for alleged property damage or personal injuries.

Business insurance glossary
Bodily injury

The term bodily injury means physical harm to a human body. It can refer to sickness, disease, or injury that may require medical treatment.

Commercial umbrella insurance
What is commercial umbrella insurance?
Commercial umbrella insurance can offer extra protection for your business by paying for costs that surpass the liability limits on other policies.
Commercial umbrella insurance
What does commercial umbrella insurance cover?

Commercial umbrella insurance can increase the limit of three policies: general liability insurance, employer's liability insurance, and commercial auto liability insurance. It protects against the most expensive liability lawsuits.

Commercial umbrella insurance
Commercial umbrella insurance vs. excess liability insurance

Though the terms are sometimes used interchangeably, commercial umbrella insurance and excess liability insurance do not refer to the same policy.

Commercial umbrella insurance
How much does commercial umbrella insurance cost?

Commercial umbrella insurance costs about $40 per month for each $1 million of additional coverage. Your level of risk and how much coverage you buy determine the cost of this policy.

Commercial umbrella insurance
Commercial umbrella insurance for retail businesses
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