Similar to a personal umbrella policy, a commercial umbrella policy is for extra liability coverage in the event of a loss or lawsuit against your company. Some refer to this coverage as “excess liability” due to the fact that it kicks in after the underlying liability coverage is exhausted.

This is a relatively inexpensive way to extend liability coverage as much as possible. You can picture it as an actual umbrella protecting your business from the storm of litigation.

A blue circle with an image of a bag.