Commercial Umbrella Insurance in Garland, TX

Commercial umbrella insurance policies are beneficial following high-cost incidents. If your business faces a claim that exceeds the limits of your liability insurance policies, umbrella insurance may help cover the difference.

Who Needs Commercial Umbrella Insurance?

Businesses that face greater liability risks or take on work where large claims are possible should seriously consider commercial umbrella insurance to avoid having to pay for expensive third-party losses and legal bills out of pocket. This type of policy can also be helpful for businesses that want to qualify for contracts or projects with strict insurance requirements.

What Does Commercial Umbrella Insurance Cover?

Commercial umbrella insurance may cover various situations involving third-party injuries, property damage or legal costs. It may cover claims that go over the limits of your existing liability policies, such as general liability or commercial auto insurance. For example, if one of your employees causes a catastrophic accident while driving to a job, other parties’ losses might exceed your commercial auto liability limits. In such cases, commercial umbrella insurance can help manage outstanding costs.

How Much of This Coverage Does My Business Need?

The appropriate amount of coverage depends on the risks your business faces based on its activities and operations. For instance, a graphic design studio may need a different level of coverage than a business prone to lawsuits, such as a medical practice or construction contractor. Your insurance agent can help you determine how much coverage your business needs.

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One Choice Insurance can help your business secure appropriate commercial umbrella insurance at favorable rates. Contact us today to learn more.