Here’s why you should consider investing in commercial umbrella insurance.

As a business owner, you likely do everything in your power to keep your business safe. While having the right commercial coverages is a great way to protect your business, standard business insurance policies cannot always offer all the coverage that you need. For instance, simply relying on standard liability insurance might mean that you have gaps in your coverage. Luckily, having commercial umbrella insurance can help you bridge this coverage gap. Read on to learn more about what commercial umbrella coverage can do for your business.

What is Commercial Umbrella Insurance?

Commercial umbrella insurance is a type of policy that provides excess liability coverage for businesses. Essentially, it adds an extra layer of liability protection to help businesses deal with especially extensive liability claims. For instance, imagine that a customer injured him- or herself while on your business’s property. This incident would likely result in a large liability claim for your business. If the customer’s medical expenses exceeded the coverage limits of your standard liability policy, you would be in big trouble. However, if you had commercial umbrella insurance, then your umbrella coverage would kick in once you reached the limit of your other policy. With the added protection of your umbrella insurance, your business would be completely covered for the cost of the claim.

Does My Business Really Need It?

While commercial umbrella insurance is not a mandatory type of coverage, many businesses owners find that this type of coverage is essential for their business. This is because commercial umbrella insurance is the best way to address coverage gaps and get your business the comprehensive liability coverage that it needs.

Here’s what you need to know about commercial umbrella insurance and what it can do for your business.  Interested in getting the right coverages for your business?  Then contact us at Randy Jones Insurance Services.  Located in Pleasanton, California, we are ready to get you the coverage that you need today.