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Paul Burrage, Inc. --- Licata, Hayes & Co. --- Press, Bateman & Turner --- Independent Insurance Agents 

Commercial Umbrella Insurance


When a liability claim goes above the aggregate limit of liability, the policy limits are exhausted. By purchasing a commercial umbrella, you can protect your business from being liable for this excess liability judgment. A commercial umbrella covers the amount of loss above the limits of a basic liability policy. A commercial umbrella may also provide coverage if a basic liability policy is not in force. Also, commercial umbrellas can provide coverage for gaps in coverage under basic liability policies.

When a commercial umbrella provides coverage for basic liability loss it does not pay the loss from the first dollar. It is common to have a Self-Insured Retention (SIR) amount of at least $10,000. SIR is similar to a deductible. If there is a commercial umbrella loss and there is no corresponding underlying policy in force, you must pay the first $10,000 of the loss before the umbrella policy responds.

Source : Massachusetts Division of Insurance Small Business Guide to Commercial Insurance
www.mass.gov\doi

To request a commercial umbrella policy quote, follow the link below.
     •Commercial Umbrella Quote

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