Commercial Umbrella Insurance, Fort Myers, FL

HomeBusiness Insurance, Fort Myers, FLCommercial Umbrella Insurance, Fort Myers, FL

We recommend commercial umbrella insurance for all types of businesses to provide more protection.

You might have noticed that lawsuits seem to be more common these days and that the amounts sought are higher than ever. The problem is that most insurance companies have maximum insurance levels that they are willing to write. So, what happens if you are involved in an accident or other incident and the claimant is awarded more? You really don’t want the answer to that question! The good news is that you can avoid a business-closing scenario by securing commercial umbrella insurance. This type of policy provides extra coverage for costs in excess of the liability limits on your other policies.

Commercial Umbrella Insurance in Fort Myers, Florida

At Mr. Auto Insurance, we recommend commercial umbrella insurance for all types of businesses to provide more protection than your fleet insurance, general liability, and other policies offer. This added layer of coverage kicks in after the other policy limits have been exhausted. It also covers some losses that aren’t covered by your other policies.

Another situation in which commercial umbrella insurance is a necessity is if you bid on projects that require you have more coverage than you already have. For example, if you are a contractor with a $1 million policy and a government contract requires you to have $3 million in coverage, you can obtain a $2 million commercial umbrella insurance policy to make up the difference.

Commercial umbrella insurance can be selected in $1 million increments up to whatever amount you need. The premiums depend on the risk factor of your particular industry, but in most cases, it is a very affordable coverage to obtain. If you would like more information about obtaining a commercial umbrella insurance policy for your company, reach out to us at our Fort Myers, Florida office.

Your Questions About Commercial Umbrella Insurance Answered

There are many types of insurance your business needs, and commercial umbrella insurance is likely one of them. Keep reading to learn more about commercial umbrella insurance and why your business needs one of these policies.

What is commercial umbrella insurance?

Commercial umbrella insurance is essentially a type of gap coverage that covers expenses when a claimant wants more than your liability insurance provides. This type of insurance can provide additional coverage for property damage claims, auto insurance claims, and any other claim that exceeds the limits on your other policies.

Why do I need commercial umbrella insurance?
Commercial umbrella insurance can provide peace of mind and financial protection. Without it, your business could be held liable for additional expenses in the event of an unexpected claim.
How much commercial umbrella insurance does my business need?
This depends on your specific business and what you feel comfortable with. You can select commercial umbrella insurance in $1 million increments, depending on your needs.
What sets your insurance agency apart?
We have extensive experience working with businesses, and we can help your business identify the right amount of umbrella insurance to protect its interests. We are also helpful, customer-service oriented, and committed to protecting the interests of our customers.
Can you help me find a commercial umbrella insurance policy?
Yes! If you need help obtaining a commercial umbrella insurance policy, reach out to us directly today to get started and to get a quote.