Commercial Umbrella Insurance in El Paso, TX
Commercial umbrella coverage can provide your business with additional liability coverage beyond the limits of your existing insurance policies. It may help safeguard your finances against liability claims that exceed your primary coverage. Without it, you may be left to shoulder additional expenses if your limits are exhausted.
What Does it Cover?
A standard commercial umbrella policy may cover the following if a claim exceeds the limits of your underlying liability policy:
- Medical expenses of a customer who got injured in your office or storefront
- Third-party property damage
- Liability expenses related to accidents involving company-owned vehicles
- Legal expenses if your business is sued for copyright infringement
- Settlements if your business is liable for libel, defamation or slander
Your agent can review the specific coverage included with your commercial umbrella policy.
How Much Does a Policy Cost?
Several factors may influence the calculation of your rate, including the following:
- Location
- Industry
- Number of employees
- Claims history
- Coverage limits
- Deductibles
The best way to understand your potential commercial umbrella coverage costs is to get personalized quotes from your agent.
Get Covered Today
Contact Licona Insurance Group to learn more about your commercial insurance options.