Commercial Umbrella Insurance in Denver, Colorado

Why Denver Businesses Need Extra Liability Protection

Commercial umbrella insurance provides an extra layer of liability protection above your primary policies like general liability and commercial auto. When a claim exceeds your underlying policy limits, umbrella coverage kicks in to pay additional costs up to much higher limits. This prevents a single large claim from wiping out your business assets. Umbrella policies are relatively affordable considering the substantial additional protection they provide, making them smart coverage for Denver businesses with significant liability exposure.

What Does Commercial Umbrella Insurance Cover?

Commercial umbrella coverage provides additional liability limits when your general liability, commercial auto, or employer's liability limits are exhausted. It covers the same types of claims as your underlying policies but at higher limits. The policy may also cover certain claims excluded by primary policies, subject to your umbrella policy terms. Coverage includes bodily injury, property damage, personal injury, and advertising injury claims. Legal defense costs are typically covered in addition to policy limits.

Benefits of Umbrella Insurance for Colorado Businesses

Catastrophic claims can quickly exceed primary policy limits, leaving your business exposed to significant financial loss. Commercial umbrella insurance provides substantial additional coverage at reasonable cost, protecting business assets you've worked years to build. Many contracts for large projects or major clients require umbrella coverage before you can bid on work. Umbrella policies can also cover some claims excluded by underlying policies, filling potential gaps in your protection.

How Much Commercial Umbrella Coverage Do I Need?

The right amount depends on your business assets, revenue, contracts, and risk exposure. Many Denver businesses start with one to two million dollars in umbrella coverage. Larger operations or those with significant liability exposure may need five million or more. Our agents can review your current coverage and help you determine the appropriate umbrella limits for your situation.

Requirements for Commercial Umbrella Coverage

Umbrella carriers require minimum underlying liability limits on your primary policies before they will provide coverage. You'll typically need at least one million dollars in general liability and commercial auto coverage. Your primary policies must be in place and meet the umbrella carrier's requirements. Our agents can help structure your insurance program to meet umbrella policy requirements and ensure seamless coverage.

Get a Commercial Umbrella Insurance Quote in Denver, Colorado

Our commercial umbrella insurance agents serve Denver, Colorado and surrounding areas including Aurora, Golden, Lakewood, Thornton, and Westminster. Contact Seguros Ideal Inc today for a free quote.