Commercial Umbrella Insurance
What is Commercial Umbrella Insurance?
Commercial umbrella insurance is an additional layer of liability protection that sits on top of your existing policies, such as General Liability and Auto. When a covered claim exceeds the limits of these underlying policies, the umbrella policy can step in to help cover the remaining costs, helping to safeguard your company’s assets and future operations from large, unexpected losses.
Who needs Commercial Umbrella Insurance?
Regardless of its size, a business needs protection from the financial strain of a severe lawsuit or high-dollar claim. An umbrella policy provides excess liability limits above those included in your underlying General Liability policy and other eligible coverages. Without this additional buffer, business owners may be forced to pay substantial claim expenses out-of-pocket, putting both the company and personal finances at risk.
Commercial umbrella coverage may be purchased through Brite Insurance Agency, a wholly owned subsidiary of GNY Insurance Companies. Limits up to $100 million are available to enhance and extend the liability protection provided by your core insurance program.
Contact your independent broker to evaluate your exposures and determine whether a commercial umbrella policy is appropriate for your business.
Submitting a Claim on your Commercial Umbrella Insurance Policy to GNY
To submit a claim on your Commercial Umbrella Insurance Policy refer to the guides here.