Commercial umbrella insurance is a type of insurance that provides liability coverage above and beyond the limits of your primary liability insurance policies. It is designed to protect businesses from catastrophic losses that could exceed the limits of their underlying insurance, such as lawsuits, medical expenses, and property damage.

What Does Commercial Umbrella Insurance Cover?

Commercial umbrella insurance typically covers the following:

• Liability coverage: This covers bodily injury and property damage to others caused by your business.

• Excess liability coverage: This provides additional liability coverage above and beyond the limits of your primary liability insurance policies.

• Umbrella coverage: This provides broader coverage than excess liability coverage, and may include coverage for certain types of losses that are not covered by your primary liability insurance policies, such as punitive damages and wrongful death.

Who Needs Commercial Umbrella Insurance?

Commercial umbrella insurance is essential for any business that faces a high risk of liability claims, such as businesses with:

• High-value assets

• Large numbers of employees

• Products or services that could cause serious injury or property damage

• Operations in high-risk industries, such as healthcare, construction, and manufacturing

How Much Commercial Umbrella Insurance Do I Need?

The amount of commercial umbrella insurance you need will vary depending on the size and type of your business, the risks it faces, and your budget. It is important to work with an experienced insurance agent to determine the right amount of coverage for your needs.

How to Choose the Right Commercial Umbrella Insurance Policy

When choosing a commercial umbrella insurance policy, it is important to consider the following factors:

• The type of coverage you need: What types of risks does your business face? Do you need coverage for liability, excess liability, and umbrella coverage?

• The limits of your primary liability insurance policies: How much liability coverage do you already have in place? You will need to purchase enough commercial umbrella insurance to provide coverage above and beyond the limits of your primary liability insurance policies.

• Your budget: How much can you afford to spend on commercial umbrella insurance?

It is also important to read the fine print of any commercial umbrella insurance policy before you purchase it. This will help you to understand the coverage that is offered, the exclusions, and the claims process.

Why Choose Deerfield Advisors for Commercial Umbrella Insurance?

Deerfield Advisors is an independent insurance agency that specializes in commercial umbrella insurance. We have a team of experienced and knowledgeable insurance agents who can help you find the right policy for your needs and budget.

We also offer a variety of discounts, including:

• Multi-policy discounts: If you have other insurance policies with Deerfield Advisors, you may be eligible for a multi-policy discount.

• Good claims record discounts: If your business has a good claims record, you may be eligible for a good claims record discount.

• Industry discounts: We offer discounts to businesses in certain industries.

Contact Deerfield Advisors Today for a Free Commercial Umbrella Insurance Quote

If you are interested in getting a free commercial umbrella insurance quote from Deerfield Advisors, please contact us today. We can help you find the right policy for your needs and budget.