If umbrella policies are important for individuals, one can argue that they are essential for businesses. When a catastrophic liability loss occurs, having commercial umbrella insurance can be the difference between your business surviving or shutting down.

The rising costs of lawsuits and judgments make it critical for today’s business owners to plan ahead. Catastrophic liability claims can happen to any business at any time, and a commercial umbrella policy steps in to protect you when those losses exceed the limits of your primary liability coverage. The time and effort you’ve invested in building your business is too valuable to risk losing over one unforeseen event.

What Is Commercial Umbrella Insurance?

Commercial umbrella insurance provides liability limits that extend beyond the coverage of your existing business insurance policies. In some cases, it can even broaden the scope of your protection. Because jury awards can be unpredictable and substantial, Summit Insurance strongly recommends adding umbrella coverage as part of your overall business insurance program.

What Is Excess Liability Coverage?

Excess liability coverage offers additional liability limits that extend beyond those provided by an umbrella policy. This coverage typically follows the terms of your underlying primary insurance policies, offering an extra layer of financial protection.

Who Needs Excess Liability Coverage?

Businesses with high loss potential, large public exposure, extensive assets, sizable sales, large vehicle fleets, or operations worldwide often require higher liability limits. These organizations may benefit most from excess liability coverage.

Protect Your Business

At Summit Insurance, we understand the unique risks faced by Montana businesses. Contact us today to discuss your operations and let us help determine the right liability coverage to safeguard you and your company.

Call now, and let’s make sure your business is properly protected—no matter what happens.

Get a Free Commercial Umbrella Insurance Quote