Commercial Umbrella Insurance


If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

Contact Lewis Insurance Associates today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company.

Commercial Umbrella Insurance

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Contact Lewis Insurance Associates today about a commercial umbrella insurance policy.

What you need to know about commercial umbrella insurance
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards Lewis Insurance Associates recommends that your business insurance program include this coverage. These are some of the other policies that a commercial umbrella would provide additional coverage above:

  • Commercial Auto
  • General Liability
  • Employer’s Liability (section of Worker’s Compensation)
  • Professional Liability

What is Excess Liability Coverage?
This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Once a claim occurs and a loss is paid, the aggregate limits of the base policy are reduced. The umbrella policy replenishes that underlying policy’s limits.

Who needs Excess Liability Coverage?
Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure. A need for excess liability may arise due to some contracts requiring higher limits than are available in basic policies.

Give us a call at 540-659-2121 and we’ll help make sure you’re covered.