Commercial Umbrella Insurance Overview
Chances are the amount of liability protection you would receive from your general liability coverage, commercial auto insurance and business owners’ policy (BOP) may not provide enough financial protection in the event of a catastrophic loss. This can leave your business unnecessarily vulnerable to risk. Your Commercial Umbrella coverage from Phil Richard Insurance is designed to increase your liability protection when your current coverage maxes out. Let us show you how surprisingly affordable and easy it is to supplement your current policies with commercial umbrella insurance coverage.
Commercial Umbrella Insurance Key Facts
- A commercial umbrella insurance policy is designed to fill the gaps left by other coverages.
- Commercial umbrella coverage kicks in when you reach the limit on the underlying liability policy for your business.
- An umbrella policy is also known as a commercial ‘excess’ policy.
Be sure to speak with one of our commercial lines experts at Phil Richard to determine whether a commercial umbrella policy is right for your business. Email: info@philrichardinsurance.com or call us at 978-774-4338.
Frequently Asked Questions
When do I need to purchase a commercial umbrella policy?
You should consider purchasing a commercial umbrella policy as an added layer of protection over and above your present business insurance coverage. We recommend that you speak to a licensed insurance agent to help you make an informed decision about this and any other policy selection.
What are some factors that might affect the type of insurance my business needs?
Evaluate your commercial insurance needs by first looking at the size of your business. Based on your number of employees, and your total sales and earnings, an insurance professional will be able to advise you on the types of policies you will need.
Commerical Umbrella Insurance Service Area
Phil Richard Insurance, located in Danvers, MA, offers Commercial Insurance services to businesses in the North Shore of Massachusetts including but not limited to Danvers, Peabody, Beverly, Salem, Newburyport, Ipswich, Rockport, Gloucester, Marblehead, Swampscott, Amesbury, Georgetown, Lynnfield, Middleton, Hamilton, Wenham, Greater Boston Area, and more. We also serve New Hampshire, Connecticut, and Maine.
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The last piece of the puzzle?
You need an agent you can rely on.
Everything you’re working for needs to be adequately protected, otherwise that second home or retirement may be out of the question. We find having an agent you trust is often an afterthought, but it should be the first one. It can make or break your business.
If you have any questions on your coverage, we will help you. We offer competitive products for many industries including Condo Associations, Non-Profits, Artisan Contractors, Restaurants, Auto Body Shops, Gas Stations, and more. Talk to us about your small business today.
Office Hours
Monday: 9am – 4:30pm
Tuesday: 9am – 4:30pm
Wednesday: 9am – 4:30pm
Thursday: 9am – 4:30pm
Friday: 9am – 4:30pm
Sat – Sun: Closed
