Commercial Umbrella Insurance in Lubbock, TX
Sometimes, standard liability policies are not enough to cover large claims. If your business faces a lawsuit or a serious incident, your coverage might fall short of financial support. With commercial umbrella insurance, your business may receive additional financial assistance, extending your current liability limits when unexpected events happen.
Who Should Get Commercial Umbrella Insurance?
Any business facing liability risks should consider purchasing commercial umbrella insurance. Minor mistakes or accidents can have severe consequences, no matter how careful your organization is. Without this coverage, your business might struggle financially. Commercial umbrella insurance can also be crucial for businesses bidding on projects, as many clients require a certain level of liability coverage to determine eligibility.
How Does Commercial Umbrella Insurance Work?
Commercial umbrella insurance kicks in after your other liability policies, such as general liability, commercial auto or workers’ compensation, reach their maximum limits. It’s especially useful for businesses at higher risk of facing large claims or those with many clients, employees or assets.
What Does a Commercial Umbrella Policy Cover?
A commercial umbrella policy may cover claims that exceed your primary policy’s coverage, including the following:
- Medical bills of customers injured on your business premises
- Property damage resulting from your business operations
- Legal claims from customers or employees arising from work-related injuries or health issues
- Liability-related legal fees, court judgments and settlements
Get Covered Today
Alan Henry Insurance Agency is committed to helping your business understand commercial umbrella insurance. Our team can help you secure extra coverage without spending a fortune. Contact us today for a custom quote.