Commercial Umbrella Insurance

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Commercial Umbrella Insurance

With commercial umbrella insurance, you gain an extra layer of protection, giving you the peace of mind that your business is fully covered, even in the event of a catastrophic claim that could otherwise threaten your financial stability.

Commercial Umbrella Insurance
As a business owner, you know your assets and reputation are everything. That's why you have insurance policies in place to protect your business from unexpected events and liability claims. But have you ever considered what would happen if a claim exceeded your policy limits? Without the right coverage, your business could face devastating financial losses. That's where commercial umbrella insurance comes in.

Why Does Your Business Need Commercial Umbrella Insurance?
Commercial umbrella insurance is essential for businesses of all sizes and industries. Here's why:

  • Increased protection: Your underlying policies, such as general liability or commercial auto insurance, may not cover all potential claims. With commercial umbrella insurance, you have added protection to cover the gaps in your primary policies.
  • Risk management: A catastrophic event could put your business at risk of financial ruin. Investing in commercial umbrella insurance allows you to manage your risk and protect your business's future.
  • Peace of mind: Knowing that you have comprehensive coverage in place can give you peace of mind and allow you to focus on growing your business without worrying about potential financial losses.

What Commercial Umbrella Insurance Covers?

  • Bodily injury or property damage claims
  • Legal fees and defense costs for lawsuits
  • Libel, slander, or defamation claims
  • Product liability claims
  • Commercial auto liability claims

How Much Does Commercial Umbrella Insurance Cost?
Commercial umbrella insurance costs vary depending on several factors, including the size and type of your business, your industry and operations, your risk level, and the amount of coverage you need.

Contact us today
Don't put your business at risk of financial ruin. Instead, invest in commercial umbrella insurance and protect your assets and reputation from unexpected and costly liability claims. Contact us today to learn more and get a customized quote for your business.

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Bodily injury
Commercial auto
Advertising injury
Contractual liability
Lawsuits

Bodily injury coverage

Risk Factors

An elderly customer is injured after tripping on frayed carpeting while visiting your business. Her medical costs are substantial — and exceed the limits of your liability policy.

Solution

An umbrella policy can help when the costs of a claim surpass the limit of your underlying liability policy.

Commercial auto coverage

Risk Factors

Your employee causes a multi-vehicle accident while driving a company car to a business appointment. The combined medical and repair costs are higher than the limits of your commercial auto policy.

Solution

An umbrella policy can help with liabilities that exceed the limits of your underlying commercial auto policy.

Personal/Advertising Injury coverage

Risk Factors

When a reputation has been damaged, umbrella insurance can help decrease the legal blow.

Solution

It can cover personal injuries like Libel & Slander, Malicious prosecution, wrongful eviction, and advertising injuries like copyright infringement or misappropriation of advertising ideas.

Contractual Liability coverage

Risk Factors

The companies frequently assume a landlord’s tort liability when renting office space.

Solution

This aspect only regards “insured contracts,” such as leases and easements. Commercial umbrella insurance can help you cover legal expenses arising when you accept the tort liability of another responsible party.

Lawsuits coverage

Risk Factors

Legal and defense fees can skyrocket in a heartbeat, and you may need to pay them from your pockets.

Solution

Umbrella insurance can help cover these particular expenses when you are in the middle of a lawsuit.

Contact Definitive Insurance Solutions LLC

As an independent agency, we are here to help you find the right coverage.

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Defenitive Insurance Solutions LLC

Email

service@definitiveinssolutions.com

Phone

205-855-1485

Location

1601 5th Ave. N, Suite 249, Birmingham, AL 35203

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