Don’t jeopardize your business by leaving it vulnerable to catastrophic losses! Commercial umbrella insurance coverage can ensure that you’re prepared for any possibility. Birtwhistle & Livingston, Inc. will work with you to find the right umbrella solution to cover all of your business needs.
Contact us to protect your business with a commercial umbrella insurance policy in NJ, NY, and PA.
Before purchasing an insurance policy, it’s important for business owners to understand the differences between commercial general liability and business owners policies. The following illustrates the main differences between the two:
If you’re unsure about which plan is right for your specific situation, don’t hesitate to reach out to one of the knowledgeable representatives at Birtwhistle & Livingston. Our team is always happy to answer your policy questions to help you select the best insurance option for your business.
A commercial umbrella insurance policy has many benefits, especially in relation to the small amount of expense it incurs.
The only disadvantage to adding commercial umbrella insurance is that you might spend money on a commercial umbrella insurance policy only to never use it.
Contact us for a custom umbrella insurance quote for your business in NJ, NY, and PA.
Your current general liability coverage may protect your business against a minor misfortune. However, it will not be sufficient in the event of a major lawsuit. Umbrella insurance can prevent your business from suffering a catastrophic loss.
Every policy is different, but most umbrella policies will cover: personal injury, bodily injury to others, property damage, slander, defamation, libel, invasion of privacy, defense costs and legal settlements, wrongful eviction, and wrongful entry. It will also cover vehicular accidents that occur while you or your employees are driving company cars for business purposes.
Umbrella insurance kicks in once the limits of your general liability insurance have been reached. For example, imagine that your general liability policy has a limit of $1 million and you are found to be liable for $2 million in damages. In this case, your general policy will pay the first $1 million, then your umbrella policy will pay the second million, saving your business from having to absorb the loss.
Every policy is different based on your business’s needs and assets. In general, a business can have $1 million of protection for as little as a few hundred dollars a year. Our licensed agents can give you an accurate quote for your business.
This depends on many factors. You need to consider the size of your company, your net worth, how many employees you have, the inherent risks of your industry, and how much your employees interact with the public and with customers. Our agents can help you determine the right amount of additional coverage for your business.
Birtwhistle & Livingston, Inc. is proud to serve the insurance needs of businesses throughout our community and region. We understand how hard you’ve worked to build your business and will create a targeted insurance policy to protect it. Our commercial umbrella insurance policies will ensure that your business remains able to serve the community for many years to come.
Ready to protect your business? Contact us for commercial umbrella insurance in NJ, NY, and PA.