Commercial umbrella insurance throughout Upstate South Carolina.

Commercial umbrella insurance is designed to supplement existing insurance policies, giving you an additional layer of protection for your business. We’ll work with you to find the right umbrella solution to cover all your business needs.

The best backup for your business in Anderson, SC

Commercial umbrella insurance is essential for businesses seeking additional coverage beyond their primary insurance policies. This extra layer of protection provides peace of mind, especially when unexpected events or large claims exceed your standard business insurance limits. Whether you run a small business or a large enterprise in Anderson, SC, commercial umbrella insurance can safeguard your financial future, covering costs like legal fees, settlements, or damages.

Kicks in when surpassing your payout limit.

Most business insurance policies–whether they cover commercial liability or commercial property–have a payout limit. Normally, your business would be on the hook for any expenses above and beyond this limit. This type of unexpected cost is something that could threaten the very survival of your business. A commercial umbrella policy kicks in only if your main business insurance policy reaches the payout limit. At that time, the commercial umbrella policy would pay out the remaining costs.

Real-world example of how commercial umbrella coverage works.

For example, let’s say you have a liability insurance policy of $500,000 for your business, but you must pay damages of $700,000. If you have a commercial umbrella policy in place for your business, the liability insurance policy will pay out in full first, and then the umbrella policy will pick up the remaining $200,000.

A worthwhile investment that’s affordable.

One of the great advantages of commercial umbrella insurance is that, because there’s a relatively low chance it will need to pay out, it’s often considerably cheaper to purchase than you might expect.

Commercial umbrella insurance is a great way to further protect your assets. Reach out, and we’ll help you to determine if it’s right for your business.

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As an independent agency, we are here to help you find the right Commercial Umbrella Insurance coverage.