Commercial Umbrella Overview

Chances are the amount of liability protection you would receive from your general liability insurance, 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. A Commercial Umbrella policy 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 coverage.

Commercial Umbrella Key Facts

  • A commercial umbrella policy is designed to fill the gaps left by other coverages.
  • A commercial umbrella policy 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: 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.

See what our clients have to say:

I Just wanted to tell you how much I enjoy working with Jackie Montes. She’s the best! She’s efficient, professional, and always on the ball. It’s a pleasure to deal with her!! She has helped me out tremendously with getting all our insurance requirements for the Compliance Depot (nightmare!) and I can always count on her to get my COI out in a timely manner. I never have to worry about anything when I deal with her.

Excellent staff member!!

Tina W. April 19, 2017

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  • Any requested change or quote requested is not considered bound until confirmed by an authorized agent.


27 Garden Street

Unit 1B
Danvers, MA 01923


Office Hours

Mon – Fri:

9am – 4:30pm

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