Insurance for Your Truck in Maine, New Hampshire, Massachusetts, and Beyond
Insurance for Your Truck in Maine, New Hampshire, Massachusetts, and Beyond Local Insurance for Your Truck While there are many different types of trucks and
As a business owner, you likely understand how standard liability policies can protect your business. Commercial umbrella insurance can provide an extra layer of liability protection by covering costs that go beyond your other liability coverage limits (for example, medical bills from an auto accident). In other words, it picks up where your liability coverage stops.
Policies can vary, but typically a commercial umbrella policy can cover the following:
From customers with work-related injuries
When your company faces a lawsuit
From lawsuits your business faces
That was caused by your business
It should be noted that umbrella insurance is added protection to a policy that already exists. In other words, it is not offered as stand-alone coverage.
There are many reasons a business owner should consider commercial umbrella coverage. If customers frequently visit your business, such as a brick and mortar retail store, you should consider the amount of risk there is for bodily injury. Even if your business doesn’t involve customers coming to you, consider the risk if you work on someone else’s property, such as a landscaping, construction, or installation company. If your business uses machinery that could injure someone or damage property, you should also consider commercial umbrella coverage. If you have questions on whether or not your business needs commercial umbrella coverage, reach out to your local insurance agency today.
The cost of commercial umbrella insurance is determined by many factors, including what type of industry your business is in, and the policy limits. The size of your business will also affect how much you could pay for commercial umbrella coverage.
When it comes to commercial umbrella insurance quotes, it helps to have options. At Cross Insurance, we have partnerships with the nation’s leading carriers as well as regional insurers.