Commercial Umbrella Insurance: What You Need to Know

Quick Summary
Commercial umbrella insurance is often called umbrella liability insurance. Its primary purpose is to give your business added protection from potentially ruinous lawsuits and accidents. It serves as a backstop to other policies, including General Liability, filling in when other coverages have reached their limits.

Commercial Umbrella Insurance: What Is It? Do You Need It?

These are some of the most compelling reasons for having a commercial umbrella insurance policy:
 
  • Provides increased financial protection from unexpected risks
  • Generally enables you to expand your coverage limits on several policies through one umbrella policy

Increase Your Protection When Lawsuits Max Out

Commercial umbrella insurance often pays for legal costs associated with a lawsuit – and frequently serves as a safety net when other liability policy limits have been exhausted in satisfying judgments and settlements.

Commercial Auto, General Liability or Other Insurances

Commercial umbrella insurance can be used to supplement your coverage under:
 
  • Commercial Auto insurance
  • General Liability insurance

Commercial Umbrella Insurance - Surprisingly Affordable

Because other underlying policy limits are used first, commercial umbrella coverage is generally cheaper than traditional first-dollar liability insurance.
 
Need Business Insurance?

Need Business Insurance?

For more than 200 years businesses have trusted The Hartford. We can help you get the right coverage with an online quote.
 

Explore All Safeguards Topics for Startup Business

The content displayed is for information only and does not constitute an endorsement by, or represent the view of, The Hartford.
 
Find out more information about third party resources