An extra layer of coverage to protect your business.
Commercial umbrella insurance provided by Strickler Insurance.
Commercial umbrella insurance can seem complicated at first, but by reading below or by getting a quote you will see how straightforward it is. Umbrella coverage provides a wide amount of benefits for your business’s insurance coverage. We work with you to determine the right additional umbrella insurance coverage so you can have a wider umbrella of protection for your business.
What Is Commercial Umbrella Insurance?
Commercial umbrella insurance is essentially an extra layer on all of your existing commercial insurance policies. It is not additional coverage, it is additional financial backing to your existing policies. In all of your existing business insurance policies, there is a financial limit. Once that limit is met you have to pay the difference. If you have an umbrella insurance policy, that will provide an extra financial layer of protection so you do not have to pay out of pocket if damages were to exceed your existing coverage.
An Example Of Commercial Umbrella Insurance
Let’s pretend your business has a liability insurance policy of $400,000. But your business sustains damages of $600,000. If this situation occurs and you have a commercial umbrella policy, this coverage could pick up the remaining $200,000. The best part is, the umbrella insurance doesn’t only cover liability, but it can also cover your commercial auto insurance and other business insurance policies you have. Essentially once your initial payout limit is met, the umbrella policy kicks in and catches the extra cost you would have had to pay out of pocket.
What Does Commercial Umbrella Insurance Cover?
Technically it doesn’t cover anything, and at the same time, it covers everything. As mentioned above it does not provide a specific type of coverage. What it provides is an extra financial layer of security on all of your existing commercial policies.
Get Commercial Umbrella Insurance Coverage For Your Business
Adding commercial umbrella insurance to your policy will help protect your business. While a wide range of businesses gets commercial umbrella insurance coverage, below is a few businesses that are extremely likely to get commercial umbrella insurance protection:
- Commercial Umbrella Insurance for Restaurants: Get a commercial umbrella policy for your restaurant. Typically restaurants have a wide number of insurance policies. By getting umbrella insurance you can add an additional payout limit to almost all of your existing insurance policies. Taking what you have and strengthening their effectiveness.
- Commercial Umbrella Insurance for Hotels: Get a commercial umbrella policy for your hotel business. Just like a restaurant, hotels
- Commercial Umbrella Insurance for any business with more than one insurance policy: Get a commercial umbrella policy for your business. If you only have one insurance policy for your business, it does not make sense to get umbrella insurance. If you have multiple insurance policies for your business, umbrella insurance is a smart purchase.
Does My Business Need Commercial Umbrella Insurance Coverage?
You will not need commercial umbrella insurance until you do. What do we mean by this? Insurance is purchased preemptively. You technically can function as a business without insurance (except for insurance required by the government), but the moment an injury occurs, a lawsuit ensues or a fire starts. That is the moment you will wish you had commercial umbrella insurance. If you do not have commercial umbrella insurance for your business you will not be covered for
How Much Does Commercial Umbrella Insurance Cost?
This depends on how much additional financial coverage you purchase, as well as your existing insurance policies. Usually, umbrella insurance is extremely cheap. That’s why so many businesses get umbrella insurance. Due to how affordable umbrella insurance is, it makes sense to add umbrella insurance to your existing business owner’s policy.
Is My Business Required To Have Commercial Umbrella Insurance?
No. Commercial umbrella insurance is not required at all. Why do so many businesses get umbrella insurance? Because it is extremely affordable and provides extremely beneficial financial coverage for your business.
Umbrella Small Business Umbrella Insurance
Getting commercial umbrella insurance for your small business will help protect your business from unforeseen costs. Whether you need commercial umbrella business insurance for your LLC or your small coffee shop, we can help provide you the correct insurance coverage for your small business. Many people just look for cheap business insurance, but we want to provide you affordable commercial umbrella small business insurance that also provides quality commercial umbrella insurance coverage.
Pennsylvania Commercial Umbrella Insurance
Get commercial umbrella insurance for your Pennsylvania business. Umbrella insurance in PA is a wise decision for your business. From our terrible traffic to the wide variety of weather, your vehicle and property are extremely likely to sustain damages. Give your Pennsylvania business the umbrella coverage it needs.
Get A Commercial Umbrella Insurance Quote
Strickler Insurance is a commercial umbrella insurance agency that is dedicated to your organization’s growth. Contact us for a free insurance quote for your business. We provide insurance in Pennsylvania, New York, New Jersey, Maryland, Delaware, and Virginia.
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As an independent agency, we are here to help you find the right Commercial Umbrella Insurance coverage.
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