• 704-821-0422
  • sheila@costcutterins.com
  • 247 Unionville Indian Trail Rd Indian Trail, NC 28079
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Safeguard your business, secure your future

Umbrella Coverage

Why get umbrella insurance for your business?

Businesses get umbrella insurance policies for several reasons. One of the main reasons is to provide additional liability coverage. Umbrella insurance policies are designed to provide coverage over and above your existing liability insurance policies, such as homeowners insurance or car insurance. This additional coverage can be useful in the event of a lawsuit, as it can help cover the cost of legal fees, settlements, and damages that exceed the limits of your other liability policies.

Another reason people get umbrella insurance policies is to protect their assets. Umbrella insurance policies can provide coverage for a wide range of incidents, including personal injury, property damage, and even certain types of libel or slander. This added protection can help ensure that your assets are protected in the event of a lawsuit.

Finally, umbrella insurance policies can also provide peace of mind. With an umbrella insurance policy in place, you can rest easy knowing that you have an extra layer of protection in the event of a covered incident. Whether you’re concerned about the possibility of a lawsuit, or simply want to ensure that your assets are protected, an umbrella insurance policy can provide you with the peace of mind you need.

Shield your business from situations where your regular insurance coverage isn't enough

Personal Injury

If a customer, vendor, or other third party is injured on your property or as a result of your business operations, general liability insurance can cover the costs of medical expenses and any legal fees associated with the claim.

Property Damage

Covers the cost of repairing or replacing property that is damaged as a result of a covered loss. This type of insurance can cover damage to both commercial and residential property and can include coverage for buildings, equipment, inventory, and other property owned by the insured.

Peace Of Mind

By having an umbrella insurance policy, you can have added assurance in the knowledge that you have an extra layer of protection in the event of a covered occurrence. Regardless of whether you are worried about the chance of a legal action or simply want to ensure the safeguarding of your assets, an umbrella insurance policy can offer you the necessary peace of mind.

Risk management for your business

Guard against potential scenarios where your primary insurance may not be enough

Cost Cutter Insurance umbrella coverage is very flexible and can work with other insurance policies you may already have in place. So, if you have a commercial auto policy with another insurance company, we can add some extra coverage and give you a higher limit.

It’s important to note that commercial umbrella insurance is different from just regular excess liability insurance. Excess liability only extends the limit of one specific policy, but commercial umbrella insurance extends the limits of multiple policies, providing a wider safety net for you.

Imagine this scenario:

Let’s say one of your employees gets into an accident while making a delivery. They crash into someone else’s car and cause a lot of damage and injuries. The cost to repair the damages and medical bills end up being more than what your business’s liability limit covers.

That’s where excess liability insurance can help pay for the costs that go above your commercial auto or general liability policy. 

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