Commercial Umbrella Insurance in Fort Worth, TX
Commercial umbrella insurance can provide additional liability coverage beyond standard policies. It can help financially protect businesses in case of large claims or lawsuits that exceed their primary general liability or commercial auto policies. While it is not legally required in Texas, it can be a requirement for contracts or leases.
What Does It Cover?
A commercial umbrella policy may cover the following after underlying policies are exhausted:
- Repair costs and losses if a company vehicle is damaged due to an accident, fire, natural disaster, theft or vandalism
- Medical expenses of a customer who is injured on your premises
- Expenses related to causing property damage to a client
- Your legal expenses in case of a libel, slander or copyright infringement lawsuit
Who Needs Commercial Umbrella Insurance?
Both big and small businesses may find it beneficial to purchase commercial umbrella insurance. However, this policy is particularly recommended to those with high liability exposure. Such businesses may include construction firms, contractors, delivery companies, restaurants, and retailers.
How Much Does a Policy Cost?
Multiple factors can influence the cost of a commercial umbrella insurance policy. These may include, but are not limited to:
- Number of employees
- Employee driving records
- Location
- Claims history
- Coverage selection
Where Can I Purchase a Policy?
If you want to learn more about your commercial umbrella insurance options, we’re here to help. Contact Cornerstone Independent Insurance Agency LLC to request a personalized quote.