Commercial Umbrella

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.    

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, it is recommended that your business insurance program include this coverage to prevent paying out of pocket for liability claims that cost more than your coverage limits.

What does a commercial umbrella policy cover?

A commercial umbrella policy can cover bodily injury and property damage caused to someone else's belongings.  You must have a general liability policy to get a commercial umbrella policy because the commercial umbrella is additional coverage for claims that are more than the limits of your general liability policy.

Who should purchase commercial umbrella insurance? 

Businesses that have people visit their place of business have an increased risk of a bodily injury claim, such as a retail store.  Businesses that perform work offsite at a client's house or place of business, such as painters, roofers, and contractors since there is a higher risk for property damage.

How much does commercial umbrella insurance cost? 

The cost of commercial umbrella insurance varies depending on a variety of factors such as the amount of the general liability policy, the type of business, and the size of the business.

Talk to an advisor at Aspen Insurance Agency 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 303-777-2991 or email us at denver@aspeninsuranceagency.com and we’ll help make sure you’re covered.  

Looking for commercial umbrella insurance in Colorado or elsewhere? Contact Aspen Insurance Agency in Denver, Colorado today to request a quote and find out more information. We offer policies in the following states: Arizona, California, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.