Across the United States

Excess/Umbrella Insurance

An extra layer of coverage to protect your business.

Excess/umbrella insurance in Cleveland, Ohio and throughout the United States.

Excess/umbrella insurance is designed to supplement existing insurance policies, giving you an additional layer of protection for your business. We’ll work with you to find the right umbrella solution to cover all your business needs.

Excess/umbrella insurance is all about going one step further. It’s an added layer of protection that kicks in if the very worst happens with your business insurance policies.

Most business insurance policies–whether they cover commercial liability or commercial property–have a payout limit. Normally, your business would be on the hook for any expenses above and beyond this limit. This type of unexpected cost is something that could threaten the very survival of your business.

A excess/umbrella policy kicks in only if your main business insurance policy reaches the payout limit. At that time, the excess/umbrella policy would pay out the remaining costs.

For example, let’s say you have a liability insurance policy of $500,000 for your business, but you must pay damages of $700,000. If you have a excess/umbrella policy in place for your business, the liability insurance policy will pay out in full first, and then the umbrella policy will pick up the remaining $200,000.

The beauty of excess/umbrella insurance is that, because there’s a relatively low chance it will need to pay out, it’s often considerably cheaper to purchase than you might expect.

Excess/umbrella insurance is a great way to further protect your assets. Reach out, and we’ll help you to determine if it’s right for your business.

Let’s discuss your excess/umbrella insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate excess/umbrella insurance solution. There’s no obligation, just good-old-fashioned advice.
  • Drop files here or
      This is optional.
    • This field is for validation purposes and should be left unchanged.
    Sterling Coverage offers comprehensive excess/umbrella insurance in Cleveland, OH and across the country.