Commercial Umbrella Insurance
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Additional coverage can help you prepare for the things you don’t see coming.
What is Commercial Umbrella Insurance?
Commercial Umbrella Insurance is a type of liability insurance that provides additional coverage beyond the limits of your standard insurance policies. It offers protection for your business in case of lawsuits or other claims that may exceed the coverage provided by your standard policies, such as general liability or automobile insurance.
Some common situations where a commercial umbrella insurance policy may come into play include:
- A customer slips and falls on your property, causing serious injury.
- A delivery truck that you own or use for business purposes causes an accident with significant property damage or injury to others.
- One of your employees is accused of libel or slander.
- Your business is sued for copyright infringement.
Having a commercial umbrella insurance policy in place can give you peace of mind and protect your business from financial devastation in case of a major liability claim. If you own or operate a business, it is a smart idea to consider this type of insurance as part of your overall risk management strategy.
Whether you are seeking commercial liability umbrella insurance to safeguard against disastrous losses or to enhance your limits and expand your business. Smeera can assist you in choosing the right coverage options to suit your specific business requirements.
- Provides an additional layer of protection, covering liability claims that exceed the limits of underlying policies.
- Covers a variety of liabilities, including personal injury, property damage, and advertising injury.
- A cost-effective way to increase liability coverage, as it is typically less expensive than purchasing additional underlying policies.
- Provide coverage for liability claims that occur anywhere in the world, giving businesses peace of mind when operating globally.
- Help protect a business's assets by covering the cost of settlements or judgments in the event of a liability claim.
- Coverage for claims arising from defamation, slander, and libel.
- Coverage for damage to someone else's property caused by the insured business.
- Coverage for claims arising from false or misleading advertising.
- Provide coverage for liability claims that occur anywhere in the world.
- Coverage for claims arising from employment practices, such as discrimination, harassment, and wrongful termination.