Commercial Umbrella Insurance

An extra layer of coverage to protect your business.

Home » Business Insurance » Commercial Umbrella Insurance

Commercial umbrella insurance throughout Tennessee including Morristown, TN, Knoxville, TN, Bristol, TN, Johnson City, TN, and Kingsport, TN.

Commercial umbrella insurance is designed to supplement existing insurance policies, giving you an additional layer of protection for your business. We’ll work with you to find the right umbrella solution to cover all your business needs.

Commercial umbrella insurance is all about going one step further. It’s an added layer of protection that kicks in if the very worst happens with your business insurance policies.

Most business insurance policies–whether they cover commercial liability or commercial property–have a payout limit. Normally, your business would be on the hook for any expenses above and beyond this limit. This type of unexpected cost is something that could threaten the very survival of your business.

A commercial umbrella policy kicks in only if your main business insurance policy reaches the payout limit. At that time, the commercial umbrella policy would pay out the remaining costs.

For example, let’s say you have a liability insurance policy of $500,000 for your business, but you must pay damages of $700,000. If you have a commercial umbrella policy in place for your business, the liability insurance policy will pay out in full first, and then the umbrella policy will pick up the remaining $200,000.

The beauty of umbrella insurance is that, because there’s a relatively low chance it will need to pay out, it’s often considerably cheaper to purchase than you might expect.

Commercial umbrella insurance is a great way to further protect your assets. Reach out, and we’ll help you to determine if it’s right for your business.

Commercial Umbrella Insurance Proposal Request

As an independent agency, we offer multiple options at competitive prices.

Featured Articles

Understanding your Experience “Mod” Factor

| Business Insurance, Insurance | No Comments
What is an Experience Mod Factor? A Mod factor contributes to how much companies pay each year in workers’ compensation…
Header image with title and subtitle

Be Ready: Federal and State Crackdowns on Workers’ Rights Coming Soon

| Business Insurance | No Comments
When was the last time you spoke with an employment attorney to assess if your business is in proper compliance…

Do Your Part. Be #CyberSmart

| Business Insurance | No Comments
October is National Cybersecurity Awareness Month. During this annual event, business leaders come together to raise awareness about the importance…
Start Proposal Request