Summerville | Orangeburg ☰ ˟
Dotterer Insurance
Summerville (843) 821-7548 | Orangeburg (803) 531-2004
  • Home
  • Products
    • Auto
    • Business & Commercial
    • Commercial Property
    • Earthquake
    • Farm
    • Flood
    • Home
    • Life
    • Nationwide Express
    • Recreational Vehicle
    • Renters
    • Umbrella
    • Watercraft & Boat
  • Blog
  • Resources
    • Refer A Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Dotterer Insurance
    • Our Locations
    • Community Events
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
  • Get a Quote
    • Auto Quote Form
    • Homeowners Insurance
    • Business Owners (BOP) Quote Form
    • Commercial Auto Insurance Quote
    • Earthquake Quote
    • General Liability Quote Form
    • Farm Quote Request
    • Life Insurance Quote
    • Renters Insurance Quote
    • Umbrella Insurance Quote
    • Watercraft Insurance Quote
car

Auto

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
House

Home

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Briefcase

Commercial

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Tractor

Farm

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Man and heartbeat

Life

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Umbrella

Umbrella

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > What Does Commercial Umbrella Liability Insurance Cover for a Business?
THURSDAY, AUGUST 6, 2020

What Does Commercial Umbrella Liability Insurance Cover for a Business?

Liability insurance is one of the most important aspects of a business’ insurance policy. Liability covers accidents and mistakes that could possibly lead to an incredibly expensive lawsuit. There are many types of liability coverages, from bodily injury and property damage liability for commercial vehicles to professional liability insurance for employees.

 

a close up of a person holding an umbrella icon 

 

So what does commercial umbrella liability insurance do? 

 

Commercial umbrella liability policies essentially operate as a backup to your other liability insurance policies. When any of your other liability policies reach their maximum, umbrella insurance sweeps in to take care of the rest. 

 

For example, say your water park’s general liability policy covers $1 million for a single incident. A young boy takes a slide down, but when he flies out, he goes to far and ends up hitting the concrete instead of the water. He ends up with several lacerations, broken bones and even partial paralysis. The boy’s parents then sue your water park for $2 million. Since your general liability insurance policy only covers $1 million, your umbrella liability policy will step in to cover the remaining $1 million. 

 

Coverage Available Under Umbrella Liability Insurance 

Umbrella liability insurance can help fill in the gaps of other liability insurance policies such as: 

  • General Liability: General liability insurance covers claims regarding bodily injury, property damage and personal or advertising injury that occur on the business property. 

  • Professional Liability: Professional liability insurance covers professional negligence, or mistakes made by a professional that cause a client to lose money. 

  • Commercial Auto Liability: Commercial auto insurance generally offers compensation for bodily injury and property damage a driver may cause while operating a vehicle owned or used by the business for work purposes. 

  • Directors and Officers Liability: Directors and officers’ liability, or D&O insurance, covers claims against a director or officer of the business regarding a variety of acts they commit while on the board, including certain HR issues if the policy includes employment practices liability insurance (EPLI). 

 

Umbrella liability insurance will fill in the holes to cover bodily injury, property damage, advertising injury and any other expenses related to a liability claim. It can also help with legal expenses if a lawsuit or settlement exceeds the limits of your basic liability insurance policy. 

 

Lawsuits can be expensive, so make sure that you have the right amount of liability and umbrella liability insurance to protect your business. 

Posted 5:15 PM

Tags: commercial, umbrella, liability, insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020

  • insurance(4)
  • auto insurance(3)
  • home insurance(3)
  • commercial(2)
  • car insurance(2)
  • business insurance(2)
  • liability(1)
  • summerville(1)
  • spring cleaning(1)
  • gap insurance(1)
  • professional negligence(1)
  • safety(1)
  • restaurant(1)
  • south carolina(1)
  • umbrella(1)
  • fleet(1)
  • general liability(1)
  • farm insurance(1)
  • commercial property insurance(1)
  • speeding ticket(1)
  • car(1)
  • business(1)
  • coverage(1)
  • truck insurance(1)
  • homeowners insurance(1)
  • trucking insurance(1)
  • vehicle insurance(1)
  • commercial property(1)
  • auto(1)

View Mobile Version

Contact Us Today!
(843) 821-7548

Facebook Twitter LinkedIn Google Yelp YouTube

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Blog
  • Contact Us
  • We proudly serve the following areas: Summerville, Orangeburg, Goose Creek, Moncks Corner, Ridgeville, Charleston, Mount Pleasant, St Matthews, Santee, & Swansea South Carolina

Contact Us

Summerville Office
870 College Park Road | Summerville, SC 29486

(843) 821-7548
Orangeburg Office
1628 Saint Matthews Road | Orangeburg, SC 29118

(803) 531-2004

© Copyright. All rights reserved. | Powered by Insurance Website Builder