Courthouse Steps

COMMERCIAL UMBRELLA

Commercial umbrella insurance gives you extra coverage to help pay for costs that exceed certain liability policy limits. Without this type of commercial insurance coverage, you’d have to pay out of pocket for liability claims that cost more than your coverage limits. This can include legal costs, medical bills, damage to other people’s property, judgments, and settlements.

Chicago, here is what you need to know about commercial umbrella

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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 owners to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy 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. Call Truska Insurance at 312.802.8817 or email us at info@truskainsurance.com today about a commercial umbrella insurance policy. 

 What you need to know about commercial umbrella insurance

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, we recommend 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 Truska Insurance today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at 312.802.8817 and we’ll help make sure you’re covered.