Specialty
Commercial Umbrella & Excess Liability insurance are secondary coverage policies that attach after primary
insurance policy limits—such as general liability, employer’s liability and commercial auto insurance—have been
exhausted.
This additional coverage can protect your business from the financial consequences of large losses that
exceed what your primary insurance can cover. While excess liability and umbrella insurance are often thought of as
interchangeable, they are not the same.
- Excess Liability coverage often matches the exact terms of the primary policy or policies, but it can also be more
restrictive and include more exclusions than primary policies. It should be noted that excess liability insurance
only offers additional limits to the primary insurance policy and will not protect a business if there is no primary
policy already in place. - Commercial Umbrella insurance provides coverage for claims that exceed the limits found in a primary policy.
However, this type of policy can offer broader coverage for losses outside of those outlined within the primary
policy or policies.
Captive insurance is when a business sets up a separate legal entity (a “captive insurance company”) that acts as
the insurer itself, rather than taking out a policy with a traditional insurance company. In many cases it can improve a
business’ tax position and help to avoid legal pitfalls.
Learn more about if captive insurance could be an option for your business.
Workers’ Compensation is coverage for an employee that suffers a work-related injury or illness. Workers’ Comp
insurance is required in most states and is used to cover medical bills or wage replacement for employees.
Cargo/Transportation insurance covers loss, damage, or theft of shipments while in transit.
Surety Bonds are a great safety net to manage risk on construction projects and are used whenever one party
guarantees performance of an obligation by another party. A surety bond is a written agreement that includes three
parties: The principal is the party that undertakes the obligation, the surety company guarantees the obligation will be
performed, and the obligee is the party who receives the benefit of the bond.
Crisis Management is a key part of business planning. Today, businesses are faced with a wide range of
threats that can take place at a moment’s notice, resulting in dire consequences to your business
operations, reputation and revenue. Learn more about protecting your business from active
shooters/assailants, epidemic/pandemic
Let’s discuss your insurance.
One of our insurance advisors will reach out to you to review your information and present you with the appropriate insurance solution. There’s no obligation, just good-old-fashioned advice.
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