Umbrella/Excess Liability Insurance

Umbrella or excess liability insurance provides an additional layer of protection above the limits of your primary insurance policies, ensuring your business is covered in the event of large claims or lawsuits.

Coverage Highlights

• Extra Liability Coverage: Increases the limits of general liability, auto, and other policies to provide broader protection.
• Coverage for Catastrophic Events: Protects your business from large-scale claims that exceed the limits of primary policies.
• Worldwide Coverage: Offers liability protection for incidents that occur anywhere in the world.
• Defense Costs: Covers legal fees and defense costs that might not be covered by primary insurance.

The Importance of Umbrella/Excess Liability Insurance

Umbrella or excess liability is essential for businesses seeking comprehensive protection because it:

• Provides Greater Financial Security: Offers added protection against catastrophic claims that could otherwise bankrupt your business.
• Covers Large-Scale Claims: Ensures your business is protected if a lawsuit or claim exceeds the limits of your primary policies.
• Fills Gaps in Coverage: Provides broader protection, covering incidents not fully addressed by your primary insurance.
• Meets Client and Contract Requirements: Many clients, especially larger ones, may require a certain level of liability coverage.

The Role of Properly Structured Coverage

Having adequate umbrella/excess liability insurance is vital for comprehensive risk management:

• Customized Limits: Tailor the coverage amount to the unique needs and risks of your business.
• Flexible Protection: Extend coverage to areas such as employment practices, wrongful termination, or even cyber liability.
• Affordable Additional Coverage: Umbrella insurance is often more cost-effective than increasing primary policy limits.

At Armada Insurance Services, we help businesses assess their risks and secure the right umbrella or excess liability coverage. Contact us today to discuss your options and ensure your business is fully protected!