Umbrella Liability Insurance acts as an extension of any other liability insurance you have.  If your general liability policy has a limit of $2,000,000, and you have an umbrella policy that has a limit of $3,000,000, the umbrella will extend the $2,000,000 by an additional $3,000,000, thus providing you a total of $5,000,000 in coverage.

Umbrella coverage is an additional safety parachute that is available if you have a significant loss.  In many cases in today’s litigious times, we have seen lawsuits stating damages in the hundreds of thousands and multi-million dollar ranges.  In some FEC businesses, there is even the risk of drowning, dismemberment or even death.

That being said, Umbrella Insurance coverage extends your primary liability limits over and above and up to the limits provided under the policy.  In the event of a catastrophic loss such as a drowning or death, you know that the lawsuit will achieve a 7-8 figure amount.  Even the thought of this type of lawsuit makes most people queasy.  An Umbrella policy is a smart move for any facility that has high traffic, high risk and high incident of catastrophic loss.

If you would like more information regarding Umbrella Liability coverage or would like to speak with an underwriting  or loss control expert as to why you need an umbrella policy, please contact us.

Umbrella Liability coverage is provided from Lexington Insurance Company.

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