Commercial Umbrella Insurance
Like an umbrella when it rains, umbrella insurance is designed to protect a policyholder from unpleasant surprises. While most general liability policies are comprehensive, events can transpire that exhaust your standard policy’s cap. In these cases, an umbrella policy can pick up all or most of your additional expenses.
In addition to exceeding monetary coverage limits, commercial umbrella insurance in Ontario can also cover incidents outside the bounds of your basic policies. For example, an automotive liability insurance plan may cover the use of vehicles within your greater metro area, while an umbrella policy may expand to the rest of the province or country. When you believe there may be a use for additional protection, a customized umbrella policy can be an extra layer of security against even the most unlikely accidents.
Like most insurance policies, commercial umbrella insurance can be customized to your business’ unique needs. Coverage is specially tailored to your financial situation, daily operations, industry, location, property features, tax situation and payroll expenses, in addition to all currently maintained insurance policies, both liability and otherwise.