Commercial Umbrella Insurance

When your business needs additional liability coverage for protection against claims, consider a commercial umbrella insurance policy from Stay Kalm Insurance. Lawsuits within the business world are common, and some suits may prove ruinous to businesses that rely on the services their assets provide.

Your commercial umbrella insurance policy will ensure you don’t pay out of pocket for medical bills, damages, legal fees and expenses associated with lawsuits where the costs exceed the coverage provided by other types of business insurance.

What Types of Incidents Does Commercial Umbrella Insurance Cover?

The most costly claims for small businesses usually include customer injury, vehicle accidents, product liability, fire damages and reputational harm.

A commercial umbrella policy can protect your business when one of the following incidents occur:

False Advertising

A customer or client files a lawsuit against your company because the marketing associated with a product was misleading or erroneous.

Slip & Fall

A customer accidentally steps in a hole in your business parking lot and injures his leg. He decides to file a lawsuit that costs your small business hundreds of thousands of dollars.

Vehicle Accident

A car driven by one of your employees is involved in an accident with another party, and the other party files a lawsuit.

Product Injury

One of the products your business makes injures one of your customers or causes him to become ill, and he decides to bring a suit against your business.

Affordable and essential commercial umbrella insurance from Stay Kalm Insurance is an important part of your comprehensive insurance policy and can aid you when you face significant lawsuits and potential, ruinous losses to your business.

Areas Covered by Commercial Umbrella Insurance

Your umbrella policy will pay for costs when your business reaches its limits for other policies. For example, if you have a million-dollar general liability insurance policy, but you’ve already reached a million dollars for a claim, your umbrella policy will activate to pay the remaining amount on the claim.

The liability policies where your commercial umbrella policy will come into play include:

Employer Liability Insurance
General Liability Insurance
Hired and Non-Owned Auto Liability Insurance

Some of the areas where your commercial umbrella insurance policy won’t activate include Professional Liability Insurance (E&O), Property Insurance claims and expenses that aren’t otherwise covered by an existing policy. Your commercial umbrella policy will work with your other policies, which means it’s not a stand-alone policy that you can use to cover every liability that exists within your business.

If you’re not sure how much commercial umbrella insurance your company needs, all it takes is a quick call to Stay Kalm Insurance, and we can explain all the details about our policies and how your business may benefit from this type of insurance.