Commercial Umbrella Policy

The number of lawsuits filed against companies and the size of the settlements is dramatically on the rise. And these days, it seems like the sky’s the limit when it comes to the size of legal settlements. Jury awards and out-of-court settlements routinely run into hundreds of thousands, and even millions of dollars. Add to this the cost of legal fees, and the total expense becomes staggering. A seemingly simple accident on your premises in the hands of a cunning attorney could result in a large judgment against YOUR company. Without adequate protection, all those assets you’ve worked so hard to acquire could be in jeopardy.

Chances are the amount of liability protection from your general liability insurance, commercial auto insurance and employer’s liability policy may not provide enough financial protection. One large lawsuit lost, even a frivolous one, can leave your business open to risk and make your assets vulnerable. The time and legal costs alone of defending such a suit can be a huge drain of time and energy, taking away from your business focus.


Also known as Excess Liability insurance, Commercial Umbrella policies provide increased liability coverage over and above your other business liability policies. And they are surprisingly affordable because the underlying policy limits of your primary business policy are used first. Then and only then, your commercial umbrella coverage limits kick in after those policies have been exhausted.

You can find a $1 million commercial umbrella policy for about $150 to $300 per year. For each million-dollar of coverage, you purchase the cost decreases. Most insurers will require you to carry a minimum limit of $100,000 or $250,000 of liability insurance on your auto policy and $300,000 or $500,000 on your homeowners insurance policy.

With Econosurance taking care of your insurance needs, you can focus on operating and expanding your business. We partner with top-rated insurance companies to provide you the best protection possible for your business—at outstandingly affordable rates!

Get a commercial umbrella insurance quote at (617) 864-2444.

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