Business Umbrella

Is it actually possible for you to buy an insurance policy that can save you money on other insurance policies? It is and an umbrella policy is a great example. When all other policy limits have been exhausted, your Umbrella Policy will cover any additional judgments, up to the policy limits and because the umbrella policy is secondary, the premium can be very inexpensive.

Definition:

This coverage provides broad higher limits of liability (usually 1 million and up) for catastrophic losses against the company in excess of your primary policy limits