Let’s say you have a business insurance policy that comes with $1 million in general liability coverage and a business auto policy with a combined single liability limit of $1 million. Sounds like enough, right? But what if an employee driving a company vehicle is at fault in a multi-car accident resulting in crippling injuries and property damage totaling $5 million? CLUP insurance could kick in to pay the $4 million not covered by your existing liability limits – instead of you having to pay the cost out-of-pocket.
Whether you need commercial liability umbrella insurance to hedge against catastrophic loss or to increase your limits and grow your business, your local agent can help you select coverage options that meets your unique business needs.