Commercial Umbrella Insurance Explained

Just like an umbrella provides us an extra layer of protection against the elements, a commercial umbrella insurance policy provides your business an extra layer of liability protection. If you own a business, chances are you have some form of general liability insurance. General liability insurance can help protect you in the event of a lawsuit; however, what if the limits of your policy isn’t enough?

If an employee gets into a car accident while they are out making a delivery to a customer, the property damage and bodily injury costs could exceed your business’ commercial auto insurance limits. If you don’t have a commercial umbrella insurance policy, you would be responsible for paying the amount that exceeds your policy limits.

Commercial umbrella insurance can help cover claims of bodily injury, whether it’s an injured customer or employee, and property damage your business causes to someone’s belongings. Without a commercial umbrella insurance policy you may be responsible to pay out of pocket for legal costs, medical bills, property damage, and judgements and settlements if they exceed your general liability insurance limits.

Hotels, crane operators, and pharmaceutical manufacturers are subject to major losses. Therefore they would need a higher umbrella insurance limit than say a retail store. The cost of a commercial umbrella insurance can vary depending on insurance carriers, limits, and coverages you purchase. Luckily, Spencer Insurance Agency, Inc. is an independent insurance agent located in Jenkintown, PA. We will shop around for a commercial umbrella insurance policy that will give you the coverage you need at a price you can afford. Just give us a call at (215) 885-2200 or visit us online at to get started.


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