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Commercial Umbrella Insurance

Commercial Umbrella Insurance from Income Resource Group

You’ve poured time, energy, and resources into building your business—and protecting it means thinking beyond the basics. While your standard business liability policy offers important protection, it may not be enough when faced with a major lawsuit or costly accident.

That’s where commercial umbrella insurance comes in. It provides an extra layer of coverage that kicks in when the limits of your primary policies—like general liability, auto liability, or employer’s liability—have been reached. Whether it’s a serious injury, property damage, or a legal judgment that exceeds your existing policy, an umbrella policy helps shield your business from financial fallout.

Without this added protection, one unexpected event could put everything you've built at risk. With it, you can run your business with more confidence—knowing that you’re covered even in worst-case scenarios.

At Income Resource Group, we’ll help you determine the right amount of umbrella coverage to suit your needs, so your success stays protected no matter what life throws your way.

Commercial umbrella insurance gives your business an added layer of financial protection when the costs of a claim go beyond what your existing liability policies cover. Without this extra coverage, you’d be responsible for paying those over-the-limit expenses out of pocket—which could seriously impact your business’s financial health.

This type of policy helps cover major costs like:

  • Legal defense and court fees
  • Medical expenses related to injuries
  • Damage to someone else’s property
  • Large judgments or settlements

A commercial umbrella policy works by extending the limits of your core liability policies—such as your general liability and commercial auto insurance.

For example, let’s say a customer is injured at your business and you’re found liable for $1.5 million in damages. If your general liability policy only covers up to $1 million, your umbrella policy could cover the remaining $500,000—helping you avoid a financial crisis.

At Income Resource Group, we’ll help you evaluate your current coverage and show you how an umbrella policy can protect your business when the unexpected goes beyond your standard limits.

A commercial umbrella policy is designed to provide added coverage when the limits of your primary liability policies are maxed out. It can extend the protection of several key coverages, including:

  • General Liability Insurance
  • Employer’s Liability Insurance (usually included in workers’ compensation plans)
  • Hired and Non-Owned Auto Insurance

Before an insurer will issue an umbrella policy, you’ll typically need to carry at least $1 million in coverage on each underlying policy. Think of it as building a stronger safety net on top of your existing coverage.

It’s important to note that umbrella insurance does not extend to professional liability policies. That means it won’t cover claims related to errors, omissions, missed deadlines, or undelivered services tied to your profession.

At Income Resource Group, we’ll help you understand exactly where umbrella coverage fits—and where it doesn’t—so you can make informed decisions and safeguard your business with confidence.

When a major claim or lawsuit exceeds the limits of your existing liability coverage, commercial umbrella insurance steps in to protect your business from the unexpected. It adds an extra layer of protection by covering the costs that go beyond your primary policy limits—helping you avoid paying out of pocket during high-stakes situations.

Think of it as a safety net that strengthens your overall coverage. Whether it’s legal fees, medical expenses, or damages from a costly accident, umbrella insurance helps ensure your business stays financially secure when the unexpected strikes.

Connect with Income Resource Group today and let’s find a commercial umbrella policy that fits your business, your budget, and your peace of mind.

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