Commercial Umbrella Insurance in Tamarac, FL
Commercial umbrella insurance sits above your existing business liability policies, adding a layer of coverage that may apply once underlying limits are exhausted. For many businesses, it offers a straightforward way to raise total liability limits without restructuring the policies already in place.
The Financial Risk of Inadequate Coverage
When a judgment or settlement against your business exceeds what your general liability, commercial auto or employers’ liability policy will pay, the difference becomes your responsibility. Legal settlements, medical costs and property damage awards can climb well beyond standard policy limits, and those amounts would have to be paid out of pocket and potentially detract from operating funds, assets or future earnings. An umbrella policy may help cover amounts above those limits and can apply across more than one underlying policy.
How Much Commercial Umbrella Insurance Do I Need?
The right amount of coverage depends on your industry, revenue, number of employees and the nature of your operations. Businesses with significant public exposure, fleets of vehicles or employees working on client properties may need to carry higher limits than those with low foot traffic and limited liability exposure. Our team can review your underlying policies and identify gaps an umbrella policy could address.
What Does Commercial Umbrella Insurance Not Cover?
Commercial umbrella policies are not designed to cover everything. Common exclusions include:
- Intentional acts or criminal conduct
- Professional liability claims, which errors and omissions coverage addresses
- Workers’ compensation benefits
- Damage to your own property
- Contractual liability, unless an underlying general liability policy would include it
Review your policy language carefully and ask our team to walk through the exclusions before finalizing coverage.
Contact Our Agency
Contact AAAADVANTAGE INSURANCE LLC to review your current liability limits and determine whether a commercial umbrella policy belongs in your coverage plan.