Commercial Coverages | Umbrella
Extra Protection for Big Business Risks
Even the strongest commercial policies have limits. If your business faces a lawsuit or claim that exceeds those limits, you could be responsible for covering the rest out of pocket. For Michigan businesses of all sizes, umbrella coverage is a smart way to guard against rare but costly risks that could otherwise threaten everything you’ve built.
Commercial Umbrella Liability Insurance
Umbrella liability insurance provides a safety net for catastrophic losses. Once your general liability or other commercial policies hit their payout limits, your umbrella policy steps in to cover the remaining costs. It can also extend protection to certain claims excluded from general liability policies, such as overseas incidents. With coverage often reaching up to $1 million for less than $1,000 a year, umbrella liability is an affordable way to protect your company’s bottom line.
Excess Liability Insurance
Excess liability coverage works a little differently than umbrella insurance. Instead of adding new types of coverage, it increases the payout limits of your existing policies. This makes it a cost-effective option for businesses that want extra protection without expanding their coverage scope. It’s a straightforward way to boost your financial safety net.
Why Umbrella Coverage Matters for Your Business
A single lawsuit or large claim could put years of hard work at risk. Umbrella and excess liability policies provide the extra cushion your business needs when the unexpected happens. By adding another layer of protection, you can operate with greater confidence knowing that even worst-case scenarios won’t derail your business.
Why Choose Finlan Insurance for Your Business?
When it comes to liability coverage, small details make a big difference. That’s why we take the time to understand your operations, risks, and goals before recommending an umbrella or excess policy.
