Tennessee Commercial Umbrella Insurance
Extend your liability coverage with commercial umbrella insurance
In today's business environment, large and small businesses face various liability risks. Commercial Umbrella Insurance acts like a safety net, offering an extra layer of liability coverage for unexpected costs and legal issues that could harm your business. It comes into play when your primary insurance isn’t enough. Our Commercial Umbrella Insurance can give your business the protection it needs to thrive, no matter what challenges come your way.
Tennessee Commercial Umbrella Insurance
Extend your liability coverage with commercial umbrella insurance
In today's business environment, large and small businesses face various liability risks. Commercial Umbrella Insurance acts like a safety net, offering an extra layer of liability coverage for unexpected costs and legal issues that could harm your business. It comes into play when your primary insurance isn’t enough. Our Commercial Umbrella Insurance can give your business the protection it needs to thrive, no matter what challenges come your way.
Commercial umbrella insurance coverages
Additional Liability Coverage
What’s covered?
Can offer additional liability coverage beyond the limits of your underlying policies, such as general liability, commercial auto, and employer's liability insurance. Why do I need this?
To protect your business from the potentially devastating costs of large lawsuits that exceed the limits of your primary policy, safeguarding your assets and future.
Broad Range of Liability Risks
What’s covered?
Can cover a wide range of liability risks including slip-and-fall injuries, third-party property damage, and car accident damage or injuries.
Why do I need this?
To ensure comprehensive protection across several liability areas, particularly important for businesses with high public interaction or hazardous work environments.
Is commercial umbrella insurance right for your business?
Our local insurance agents are here to help you determine the best options for insuring your specific business. Our Commercial Umbrella Insurance is ideal for businesses that:
Have contractual obligations with elevated liability limits, ensuring compliance with agreements.
Experience substantial public interaction or own a fleet of vehicles, making the coverage essential for accidents or incidents.
Engage in hazardous industries or possess significant liability risks, requiring additional protection against high costs associated with accidents or unforeseen events.
Own or manage commercial real estate, where risks associated with property ownership and tenant interactions make Commercial Umbrella Insurance a valuable asset.
Here for you whenever, wherever you go
Download your proof of insurance, pay bills, file a claim, and manage your policies in one place with My Account.
Common questions about commercial umbrella insurance
What specifically does commercial umbrella insurance cover?
Commercial umbrella insurance adds additional liability coverage beyond the limits of underlying policies like general liability or commercial auto. It can help cover additional costs for large lawsuits, including slip-and-fall injuries, third-party property damage, and car accident liabilities. Essentially, it acts as an extra safety net when claims exceed the limits of your primary liability policies.
How does commercial umbrella insurance work in conjunction with other policies?
Commercial umbrella insurance may kick in when the limits of your other liability policies have been reached. For instance, if a lawsuit results in a settlement or legal fees that surpass the limit of your general liability policy, your umbrella policy may cover the excess amount. This helps ensure that your business isn’t financially burdened by large claims that exceed the coverage limits of your primary insurance policies.
Who should consider purchasing commercial umbrella insurance?
Any business that faces significant liability risks should consider commercial umbrella insurance. This includes businesses that need to fulfill contracts requiring high liability limits, have high public foot traffic, own vehicles for business use, or operate in hazardous industries. It’s particularly important for small businesses to invest in umbrella insurance due to rising lawsuit and medical expense costs.
How is coverage limit determined for commercial umbrella insurance?
Commercial umbrella insurance coverage limits are typically determined based on the specific needs and risk profile of your business. Factors such as the industry you operate in, the scale of your operations, and the types of potential liabilities are considered. Our experienced agents can help assess your requirements and recommend an appropriate coverage limit to ensure comprehensive protection.
Can commercial umbrella insurance cover reputation damage or advertising liability?
While commercial umbrella insurance primarily adds additional coverage for bodily injury, property damage, and other specified liabilities, it may also provide coverage for personal and advertising injury claims in some cases. It's important to discuss your business's unique risks with our agents to determine the extent of coverage needed for your specific circumstances.
