Blog Press Room Commercial Umbrella Insurance Commercial Umbrella Insurance for Your Business Protect Your Business Personal Assets, as well as Your Future Potential & Earnings. How well protected are you from paying a large liability loss? Today, lawsuits are occurring with alarming frequency, and monetary awards can be staggering. Your current insurance will protect your company against routine misfortunes – but it may not give you the full protection you need. A commercial umbrella insurance policy* protects your company against excess liability judgments for loss, injury or even death. It’s designed to provide protection over and above your current insurance policies, including general liability or business-owner's insurance. Talk with your independent agent about the liability and insurance needs of your business, so you can determine the right coverage for you, and whether it makes sense to have the added protection and benefits that come with a commercial umbrella policy for your business. When thinking about whether or not you need a commercial umbrella insurance policy for your business, consider the feasibility of one of these actual scenarios occurring involving your business: A tenant suffered burns to 60% of his body when the gas fireplace exploded in the apartment he leased from the defendants. Plaintiff Verdict: $3,290,101 Plaintiff electrician came into contact with a live wire at a construction site and suffered traumatic brain injury, determined to be the result of the electrical contractor's negligence. Settlement: $2,900,000 An 11-year-old died from an auto accident at a controlled intersection going into a neighborhood constructed by the defendant development company. Plaintiff Verdict:$10,000,000 Defendant pharmacy incorrectly filled a low-dose steroid prescription with a higher dose, resulting in diabetes, glaucoma and other serious injuries to a 43-year-old. Plaintiff Verdict: $2,700,000 A deliveryman suffered herniated discs requiring surgery and continuing medical treatment when he slipped and fell down the stairs of the defendant restaurant. Plaintiff Verdict: $1,763,000 Related Policies: Business Owner's Program Commercial Package Policy Commercial Auto Insurance Commercial Umbrella Insurance Worker's Compensation Insurance Professional Liability Insurance (Errors & Omissions) Insurance Extension Endorsements Find an Agent Find an independent agent near you. You can also search by agency name and zip code. Find by Zip Code Find by Agency Name Resources Understanding Business Insurance Reviewing Your Business Insurance Policy Professional Liability Coverage Accounts Receivable Insurance “All agents were very informative and responsive and satisfactorily took care of all arrangements that needed to be made. Thank you!” – Claimant Preferred Mutual Insurance Company © 2021 Home Sitemap Online Privacy Policy Terms Of Use Disclaimer NYS Domestic Violence 800.333.7642