In the present-day world of large-loss settlements and high defense costs, a commercial umbrella/excess policy is critical coverage for anyone who owns a business, affording protection for catastrophic or financially crippling liability losses–which, if uninsured, could destroy an organization.
Coverage usually steps in with excess limits over and above the primary or underlying policy, including general liability, employer's liability, auto liability, and liquor and professional liability.
Commercial umbrella/excess limits is coverage that agents should be recommending to their clients as well as including an optional premium quotation along with new or renewal primary limits on general liability and professional accounts.
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