Commercial umbrella insurance is a unique policy that can be coupled with other commercial insurance policies to increase coverage limits and the number of perils that your insurance company will cover. It’s especially ideal for Pinecrest, FL business owners who run businesses with a high risk of lawsuits, but can benefit any commercial venture in just about any industry.

How Commercial Umbrella Insurance Works

Umbrella insurance increases liability insurance coverage limits but only kicks in once you reach the limits of your regular insurance policy. This provides you with additional compensation if you need to pay a hefty settlement or judgment. Furthermore, umbrella insurance covers legal fees and medical costs related to covered incidents. 

There are multiple forms of commercial umbrella insurance for business owners to pick from. Some policies are specifically for business venues. Others are for commercial vehicles and personal vehicles that your employees may use for business purposes. There is employment practices liability insurance to cover your business if one or more employees decide to sue you. Liquor liability insurance and fire legal liability insurance are ideal if you plan on hosting a large business event, as these policies cover damages related to the furnishment of alcohol and responsibility for a fire in a rented or leased space.

Call Hamilton Fox & Company Inc. for More Information

Umbrella insurance can be a great way to protect your business in the event of an unfortunate incident. Our team at Hamilton Fox & Company Inc. specializes in helping businesses in and around Pinecrest, FL understand the policy options and pick coverage that meets their needs and budget. Call us to learn more about our standalone policies and policy bundles, or to request price quotes for specific forms of coverage.