Commercial Umbrella Insurance in Dallas, TX

Running a business involves navigating various risks, and standard liability policies can sometimes fall short of covering large claims. If your business faces a lawsuit or a significant incident, those basic policies might not provide enough coverage. This is where commercial umbrella insurance can be crucial by adding a layer of financial protection, covering potential gaps and extending your current liability limits when unforeseen events arise.

What Is Commercial Umbrella Insurance?

Commercial umbrella policies may provide additional liability coverage when your primary policies, such as general liability, commercial auto or workers’ compensation, reach their maximum limits.

How Does Commercial Umbrella Coverage Work?

This type of policy comes into play after your other liability policies have been exhausted. For instance, if your business’s general liability policy covers up to $1 million, and a lawsuit demands $1.5 million, your umbrella policy may cover the remaining $500,000. Commercial umbrella policies are particularly beneficial for businesses at higher risk of facing large claims or those dealing with a substantial number of clients, employees or assets.

What Does a Commercial Umbrella Policy Cover?

A commercial umbrella policy may cover situations beyond your primary policy’s coverage. This includes the following:

• Injuries to customers that occur on your business premises
• Damage to property resulting from your business operations
• Legal claims from customers or employees due to work-related injuries or health issues

An insurance expert from Northwest Insurance Agency can help you understand the specific inclusions and exclusions.

Secure an Extra Layer of Coverage

Contact Northwest Insurance Agency today to learn more about how commercial umbrella insurance may provide financial protection when your primary policies reach their limits.