A commercial umbrella, or excess liability policy is a low-cost option that protects your businesses from significant financial losses. At BearStar, our commercial umbrella coverage limits scale up to $50 million.
Business owners opt for a commercial umbrella policy to raise limits on their underlying policies, potentially saving millions in some cases.
3 Functions of Commercial Umbrella Coverage
- It provides additional coverage on top of underlying policy limits,
- You’ll receive primary coverage after underlying limits have been exhausted,
- It offers broader coverage depending on policy exclusions and conditions.
A commercial umbrella policy is meant for large, even catastrophic losses, with costs primarily determined by your business’s specific operations. In most cases, however, umbrella insurance is quite low when compared to underlying coverage costs.
Bringing You Back From Catastrophic Losses