Commercial Umbrella

A personal umbrella policy is an optional protection that extends the liability coverage provided by an underlying policy, such as homeowners or car insurance. The extra protection helps you pay expenses — if you're found liable for damages that exceed the limits of your underlying policy.

Questions to Ask Yourself About Umbrella Liability and Your Risk

  • What are the value of your assets?
  • What is your profession?
  • What is your potential loss of future income?
  • What risks do you think you might face?


What Information is Needed to Get Umbrella Insurance or Excess Liability?
Typical questions asked by the insurance agent when obtaining an umbrella policy may include:

  • listing all your properties worldwide and who insures them
  • liability limits for the insurance on all your properties
  • a list of all vehicles or boats and other recreations vehicles you own, as well as their insurance liability limits
  • whether you are a member of a board of directors or non-profit

Basically the umbrella liability insurance application is making sure to get a full picture of your assets and how they are insured to make sure that you are getting the right type of coverage and if you do have a claim on the umbrella policy, they already have all the information they need to be able to help you. A assessment of your needs is necessary to properly protect you.

Who Can Benefit from Umbrella Insurance?

People with established assets that they want to protect stand to lose significant amounts of money in a lawsuit.

If you get sued you could lose any assets you have built up, including investments and all of your savings. The wealthy are risk, but so are those who have no assets.

"In a litigious society everything is up for grabs, that includes your savings, your investments, and in absence of assets, potentially your future."


If I Have No Money or Assets Why Buy Umbrella Liability?

Even though you may be just starting out, or have no established assets, don't think that a court will not award benefits to the third party if you are held liable for damages. When you have no assets, you may be obligated to pay off the damages awarded with your future earnings! If you are a student studying for your degree, or even if you expect to eventually be promoted and work your way up to a high paying position, your future earnings can be targeted.

Additional Liability above the Homeowners Limits; additional Bodily Injury above the Auto and toys limits and the option to purchase additional Uninsured/Underinsured Motorist coverage above the Auto and toys limits for your client.

TYPICAL PRIMARY PERSONAL UMBRELLA LIMITS ARE: $1,000,000, *$2,000,000, $3,000,000, $4,000,000 AND $5,000,000
* May need underwriting approval for over $2,000,000

TIP: If your insured is a Professional Athlete, Media Personality, Author/ Blogger, Public Official, Entertainer or Senior Executive Officer you will have restrictions on which carriers you can bind coverage with and may require additional underwriting approval. Great news, YES, WE do have a market to be able to write their policy.