For example, if a customer slips and falls in your store, or if you are found liable for a product malfunction, you could be held responsible for any damages or injuries. To protect yourself from such financial losses, it is important to have commercial umbrella insurance.
This type of insurance provides additional liability protection beyond what is offered by your existing insurance policies, covering any costs associated with defending yourself against a lawsuit. It can also provide coverage for any medical expenses incurred by a person injured on your property, as well as any liability claims that exceed the limits of your other policies.
Having commercial umbrella insurance can help give you peace of mind that your business and property are protected in the event of a costly claim.