A commercial umbrella policy protects against sudden, catastrophic losses. It provides broad coverage to protect your company’s financial assets.

The advantages of this policy include:

• Liability coverage for bodily injury, property damage, advertising, and personal injury claims
• Installment payments alternative
• No exclusion for fellow worker suits
• Self-insured retention, generally as low as $10,000, for claims covered under the umbrella rather than covered by an underlying policy
• First-dollar defense coverage for covered losses when no principal insurance is available
• Non-application of general aggregate limit to auto coverage if inherent policy also has no limitation
• Worldwide coverage
• Broader coverage compared to an excess policy
• Pollution coverage similar to auto liability and general liability coverage

Additionally, shippers will understand they’re dealing with a well-protected carrier. They are willing to use you to include other-than-trucking operations such as warehousing, income property, repair shop, etc., on a case-by-case basis. An umbrella policy also provides simplicity of claims handling when all coverage is with the same carrier.