What is Commercial Umbrella Insurance?
When you have a claim that exceeds the limits of your current policy, umbrella insurance provides extra coverage to protect your business and assets from financial risk. At PeoplesAlly, umbrella insurance is available with existing liability policies.
Keep in mind that umbrella insurance can only be applied to a claim if two things happen:
1. You already have the appropriate underlying policy.
For example, if you have general liability with an umbrella policy but you don't have commercial auto insurance, then your umbrella policy only covers those items covered by general liability.
2. The limits of that policy have been reached.
An umbrella policy helps cover costs associated with:
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Bodily injury and related medical expenses
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Product liability
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Customer property damage
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Libel, slander, and copyright infringement
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Defending against a lawsuit
Why Do I Need Commercial Umbrella Insurance?
While not generally required, an umbrella policy gives you even more peace of mind. Just as an umbrella protects you from the rain, a small business umbrella insurance policy protects you from expensive claims that fall outside the coverage limits of your other small business insurance policies. Plus, adding umbrella insurance may cost less than increasing the limits of your general liability or commercial auto insurance.
Advantages of Having Commercial Umbrella Insurance
At PeoplesAlly, we've ditched the traditional insurance model in favor of selling our products directly to you online or over the phone. And that means we make it easy to get the umbrella policy you need to pay for damages above and beyond the amounts covered by your existing policies. It's faster, more convenient, saves you up to 20% compared to other companies.
Peace of Mind
An umbrella policy lets you sleep well at night knowing that you have that extra layer of protection.
Avoid Legal Battles
While not a full proof way to remove legal issues, at least you know you have the financial firepower.
Cost Effective
Most umbrella policies are so cheap that the premium is a rounding error compared to the amount insured.
What Does Commercial Umbrella Insurance Usually Cost?
On average, the first $1 million of umbrella insurance will cost your small business between $200 and $400 per year. At PeoplesAlly, our small business customers have access to low down payments through our online system. Submitting claims can also be done entirely online—no more waiting days or weeks for a claim to go through.
We specialize in offering popular insurance products for the new industry norm given the 2020 pandemic.
Contact us now to talk to a professional.
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We have over 10,000 satisfied customers and 30+ years of insurance experience. We have seen it all and can get you the best package for your needs.
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Providing People with Protection Everywhere
PeoplesAlly is trusted by thousands of businesses no matter what size. We can help you meet your insurance needs in any industry or line of business.
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There are many kinds of insurance out there, but as an accounting & finance business owner, you have very unique needs. At PeoplesAlly, we’ll help you understand what kind of insurance is best for you. Just fill out a simple form online or speak with one of our licensed insurance experts to get a free quote. Plus, with PeoplesAlly, you can purchase a policy, manage it, and submit claims online for ultimate convenience.
WHAT PEOPLE SAY
“The PeoplesAlly team is extremely knowledgeable and will work hard to find you the best quality and price available. Very professional, no bait and switch, and will give you the bottom line even if it means losing you as a customer. I appreciate honesty rather than sleazy sales people.
— Samantha D
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