Find Umbrella Insurance from Klinger Insurance Group
As a business owner, buying commercial umbrella insurance can help you to protect your assets and ensure the continued operations of the company in the event of a disaster or legal action that results in a substantial settlement. It gives you additional liability protection that can apply when the limits of your commercial insurance are exceeded.
At Klinger Insurance, we have decades of collective experience providing local businesses with umbrella insurance for their company. We can offer guidance and provide you with tailored quotes that suit the individual needs of your business.
What is commercial umbrella insurance?
Business umbrella insurance is a form of additional liability coverage that will extend beyond the limits of your existing liability policies. If your company is sued, and your standard liability policies don’t offer enough coverage, it can give you extra protection and cover any additional amounts that need to be paid out once your existing liability policies have been maxed-out.
The benefits of buying commercial umbrella insurance
- Extend the limits of your liability coverage across numerous policies
- A more cost-effective way to increase your liability limits
- Reduce your financial exposure to a significant claim
- Enable you to meet any contractual terms from a financial institution, landlord, client or supplier
Umbrella insurance for your business will cover a range of other liability policies by serving as a broad level type of protection. You will need to have an underlying commercial liability policy in place first, and should the limits on those policies be reached; then your umbrella insurance can then be activated to help you cover any additional amounts up to the limit on your umbrella business coverage.
Please note that commercial umbrella insurance will not cover every type of liability. For instance, it will not extend the limits of your professional liability coverage.
At Klinger Insurance, our experienced commercial insurance agents have an in-depth knowledge of the commercial insurance market. After an initial discussion about your business, your agent will obtain multiple quotes on your behalf for the best commercial umbrella insurance options.
Disclaimer: This information has been written for the public as informational only. Since coverage varies from state to state, it is important to speak to a licensed insurance agent in your state.