Commercial Umbrella Insurance

Excellent Reasons To Buy a Commercial Umbrella Policy:

Commercial umbrella (aka excess) liability insurance is an important source of protection that supplements the limits of an insured’s underlying policies such as general liability, automobile liability, and employers liability. 

Umbrellas also protect insureds from exclusions and gaps that exist in their primary liability insurance. Covered causes of loss that are not normally included in primary policies are subject to a self-insured retention (SIR), which is the responsibility of the insured to pay. SIRs in the amounts of $10,000 or $25,000 are common. An umbrella policy’s coverage is triggered when the limits of the underlying insurance have been exhausted.

Talk To A Specialist Today!

Less commonly, an umbrella may also respond to a claim that is not covered by an underlying policy, but only when the loss amount exceeds the self-insured retention.

A typical commercial umbrella liability policy offers features such as worldwide coverage; personal injury coverage; blanket contractual liability protection (for both written and oral agreements); care, custody, and control coverage; non-owned aircraft liability; watercraft liability; advertisers liability; liquor law liability; XCU liability; and an extension of protection to additional insureds.

Underwriters and companies that issue umbrella coverage have a primary objective of dovetailing their excess program with the newer commercial general liability forms (both the claims-made and occurrence versions). They have a major stake in ensuring that their policies carry out their coverage intent without problems and uncertainties. Agents, brokers, consultants, and risk managers share the responsibility to verify that the coverage issued fills their clients’ coverage needs.

Other Helpful Resources

Three Steps To Success

We Will Help You Every Step Of The Way

IMD leads the way in providing products to specialized markets which include employees of federal, state, and municipal governments, small businesses as well as an array of support to other marketing organizations, agencies and producers.

01

Speak To One Of Our Licensed Insurance Specialists

One of our Specialists will give you a call to identify your families specific needs.

02

Learning About All Your Insurance Options

Once we know all of your options, we can start building a plan that’s right for you!

03

Your Agent Will Build A Custom

With tailored insurance plans, we can guarantee to find you what you and your family need!

we aren't afraid of trying new things

Be part of something great

If you want to be part of something great, you have honor, integrity, and intention to live a life. Being part of IMD Insurance & Financial Services LLC means you believe in Family, have Faith, and strive to be the best version of yourself every day. Our mission is to Inspire what is most important to our clients, staff, and team members that we are so privileged to work with. To motivate each other when we are struggling or down and consistently drive each other to be the best, they can be so that the people in their lives can be in a better place. Being part of something great is not giving up! 

We Will Help You Every Step Of The Way