Ohio Commercial Umbrella Insurance provides an added layer of liability coverage when a high-cost catastrophe or accident occurs that exceeds the limits of your commercial liability or other liability coverage. Once the coverage on your liability policy is exhausted, you may be financially responsible for any additional legal expenses, costs of property damage, medical costs for personal injury, or death claims. Serious injuries incur steep medical expenses, as well as payments for pain, suffering, and lost income. Death claims incur funeral and burial expenses, survivor expenses, and more. Jury awards and settlements can drive costs up astronomically. Commercial Umbrella helps protect your business from these potentially ruinous claims.
In Ohio, Commercial Umbrella Insurance can extend the coverage of several of your primary liability coverages:
- General Liability Insurance
- Employer’s Liability Insurance
- Commercial Auto Insurance
Commercial Umbrella Insurance provides additional protection when you’ve reached the liability limit of the underlying policy. It also fills in coverage gaps and sometimes increases your coverage, such as extending your coverage territory. Most policies have a type of deductible, called a self-insured retention (SIR), that you pay for each occurrence, a mechanism that makes the coverage more affordable. Costs and coverage for an Ohio Commercial Umbrella Insurance policy vary significantly depending on the insurer, the limits, and the specific coverages you purchase. It’s important to review all exclusions carefully.
We can help you assess whether an Ohio Commercial Umbrella Insurance policy makes sense for your business. If so, we will find the best coverage to meet your unique situation and needs. While you don’t want to pay for coverage that you don’t need, you also don’t want to be exposed to risk that can be affordably addressed. That’s where our experienced team at Hitchings Insurance can help. We evaluate your coverage, help you assess your risk, and determine the best coverage plan for your unique circumstances.
We invite you to learn why so many of your neighboring businesses trust Hitchings Insurance Agency to protect their operations. Discover the difference yourself – fill out a free quote form or call us at 419-423-9145.