Your Business is Too Important to Lose
A Commercial Umbrella Insurance policy through Holden Insurance will provide an added layer of protection for catastrophic liability claims you did not anticipate. The umbrella liability coverage is over and above the underlying liability limits provided by your commercial policies and may pick up some exposures not covered by the commercial policies. It does not provide added protection over any personal insurance policies. A VT Commercial Umbrella Insurance policy can provide a safety net when your other business liability coverage has been exhausted.
Available Coverage
The typical commercial umbrella policy limit is $1,000,000 or $2,000,000 with some companies offering $5,000,000 or higher. Excess Liability Insurance can be purchased to provide additional liability coverage over the commercial umbrella insurance policy. Businesses who may benefit from this increased liability have a potential for high loss, have sizable sales, numerous assets, large auto fleets, or worldwide presence.
Here are a couple common situations a commercial umbrella policy can protect:
- You or your employee, has been involved in a multi-vehicle accident while driving your business vehicle causing serious injuries or property damage.
- One of your clients, suppliers, or a visitor slips on the stairs at your location and suffers a debilitating injury.
We understand that you may have questions about the options available. We invite you to speak with one of our commercial insurance specialists. They can walk you through the insurance shopping process so you can make an informed decision about commercial umbrella insurance coverage for your Vermont company. Request a free insurance cost review today!
