For those occasions, when an underlying policy’s limits fall short, an excess liability insurance policy — sometimes referred to as an umbrella liability policy — will offer you the protection your small or medium business needs to stay solvent. Take, for example, a commercial auto policy that covers damages for up to ten vehicles per claim. When your tired truck driver plows through a parking lot destroying 15 cars, a well-planned excess liability insurance policy will absorb the costs for the five or more vehicles that were not covered by your underlying commercial auto policy.
Not all losses are equal, and for those occasions where losses are greater than you could’ve ever expected, an excess liability policy can keep you in business. For more information and a free quote on an excess liability insurance policy, reach out to either of our offices in Danbury Watertown, Connecticut with a visit, call or email today.