One thing is certain, life is full of unpredictable circumstances. While you can plan for and insure against the most common risks and hazards, umbrella coverage protects your business from the ones that are nearly impossible to predict.
An umbrella policy picks up and covers claims above and beyond the limits of your other business-related insurance policies. Standard business liability coverage will take care of you in most situations, but when serious situations arise, umbrella liability insurance will help ensure your business is protected from litigation.
Claims on a business umbrella policy may be for events that happen at your place of business that result in multiple injuries or deaths, acts of your employees that result in injuries or deaths and/or the failure of your business or employees to adequately provide the professional services for which you have been contracted.