Commercial Umbrella Insurance

If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy helps protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Contact Michael G. Montag Insurance Agency Inc. DBA MGM Associates of Rochester today about a commercial umbrella insurance policy.

New York – What you need to know about commercial umbrella insurance

Commercial Umbrella helps cover your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your coverage. Due to the unpredictable nature of jury awards, Michael G. Montag Insurance Agency Inc. DBA MGM Associates of Rochester recommends that your business insurance program include this coverage.

What is Excess Liability Coverage?

This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Who Needs Excess Liability Coverage?

Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

Talk to Michael G. Montag Insurance Agency Inc. DBA MGM Associates of Rochester today about your business operations and we can assist with liability coverage you require to help protect yourself and your company. Just give us a call at 585-381-7008 and we’ll help you get covered.