Umbrella Insurance: Excess Liability Coverage

Umbrella Insurance: Excess Liability Coverage, General / Auto / Employers Liability

In addition to general business liability insurance, McGuire & Russell offers comprehensive Umbrella Liability coverage to provide coverage for losses exceeding your company’s liability levels for primary commercial property and liability insurance policies maximum payout.

Umbrella Liability Insurance adds multiple protections in a single policy for General Liability, Auto Liability (Fleet Insurance), and Employer's Liability coverage.

Umbrella Insurance: Extra Protection for the Rainy Day

Every business owner understands the importance of having liability insurance to protect the company, it's assets and employees. General Liability coverage protects the company from most foreseeable events, up to the policy's maximum payout.

It is the unforeseeable, potentially catastrophic events occurring at your workplace, or involving your employees, that can be economically devastating if not addressed. Commercial umbrella insurance protects your business against unpredictable incidents.

Umbrella Liability Insurance: A Life Preserver When Waters Get Too High

Umbrella Liability (AKA Excess Liability) provides additional coverage when the limits of an insurance policy are reached. 

For example, if your general liability coverage is for $1 million, a claim settlement for $1.5 million could cost your company a half million dollars.

Umbrella insurance acts as a stop-gap between the liability policy and the settlement amount, and would cover and pay for the amount exceeding the general liability policy's coverage. 

Umbrella Insurance: Like Wearing a Belt and Suspenders

Umbrella insurance policies are generally customized to meet each business's specific needs, and the risks covered are tailored for the company's particular liability potentials and specified within the policy.

You can purchase Umbrella policies at very reasonable and affordable rates, with anywhere from $1 million to $10-20 million or more depending on your needs.