Commercial Umbrella Insurance
Commercial Umbrella Insurance Information
Commercial Umbrella Insurance in Texas
Texas Risk Solutions, LLC has built its reputation on putting together comprehensive risk management plans for all business owners. Our clients trust us to provide them with customized benefits that offer affordability, flexibility and guaranteed protection against any number of liabilities present in their operations. At the end of the day, we’ll make sure you have policies that will always work to your advantage to get you out of challenging situations.
All businesses need expansive commercial liability insurance benefits, but to take your coverage a step further, also consider including a commercial umbrella policy within your policy portfolio. It’s extra coverage to assist you through worst-case scenarios.
To get your policy, just call us at 210-426-3053 or request your free quote online now!
Common Umbrella Insurance Questions
What is an umbrella insurance policy?
Your business’s average liability policy will help you make remittances to third parties (like your customers) harmed as a result of negligence on your part. For instance, a general liability insurance policy will pay if one of your clients falls in your store and then sues you to cover their medical bills.
However, all commercial liability policies will have limits attached. Should a scenario arise where a claim exceeds the limits of your standard liability benefits, then you might still have to pay for third-party losses, which is a cost your business shouldn’t have to afford. Your umbrella liability plan will offer you the additional coverage necessary to be able to pay off the remainder of this cost.
What does umbrella insurance cover?
A single commercial umbrella policy can apply to numerous existing business liability policies at the same time, including:
Commercial Auto insurance
General liability insurance
Professional liability insurance
To use your umbrella plan, you must first file a claim against your existing liability benefits. Those plans will pay up to their limits, at which time you can turn to your umbrella plan to pay the residual costs. With it, you’ll be able to settle your losses with those to whom you owe money, with a minimal financial loss to yourself.
Who needs umbrella insurance?
Many business owners don’t realize the impact that a commercial umbrella policy can have when it comes to minimizing significant liability claims.
Businesses often are susceptible to lawsuits from customers, which could necessitate liability insurance claims. Often, these lawsuits are for significant amounts of money, and if you ever must settle with the affected party, then the presence of an umbrella policy will make sure that you have the resources to be able to do so. In the end, it can mean the difference between putting your business in the red or moving on from an unfortunate accident without a hassle.
How much does personal umbrella insurance cost?
Umbrella liability policies are very affordable, and we will work with you to make certain that your policy of choice always offers optimized pricing. Our carrier network offers a diversity of plan options, and we can make certain that yours will integrate seamlessly with your other policies. That way, you’ll always know that your plan will be there to help you when you need it.