Commercial Umbrella Insurance
An umbrella policy is a form of additional liability protection that takes affect after your Business or commercial auto liability protection has been used up due to a claim. This policy is distinct from both the business and commercial auto policies but builds onto both of them. Because the underlying policies pay out first you can usually add coverage very inexpensively.
There is no standard umbrella form presently; however, a typical umbrella policy will provide coverage for the following areas:
- Bodily harm, sickness or disease, loss of services, or death that results from an event. Emotional injury that leads to physical symptoms may also be considered bodily injury.
- Sometimes the definition of personal injury includes discrimination or the violation of civil rights. Courts often consider many of these items within the personal injury definition to be intentional torts; notably invasion of privacy, false arrest, false imprisonment, libel, slander, and defamation of character.
- Physical damage to tangible property, including the loss of its use.