Commercial Umbrella Insurance: When Does Your Business Need It?
What Is a Commercial Umbrella Policy?
A commercial umbrella provides excess liability limits above your underlying General Liability, Commercial Auto, and Employers Liability policies. When a claim exceeds your primary policy limit, the umbrella steps in to pay the difference — up to its own limit.
When Does the Umbrella Trigger?
The umbrella activates when the underlying policy limit is exhausted. For example: a slip-and-fall at your business results in a $2.3M jury verdict. Your GL policy has a $1M per-occurrence limit. The remaining $1.3M is paid by a $2M commercial umbrella.
Umbrella Costs and Limits
| Umbrella Limit | Estimated Annual Premium |
|---|---|
| $1,000,000 | $400–$900/yr |
| $2,000,000 | $600–$1,400/yr |
| $5,000,000 | $1,200–$3,000/yr |
Frequently Asked Questions
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