Small Business Articles
Commercial umbrella insurance (called commercial excess insurance in New York) gives your business extra financial protection on top of your existing liability policies. This coverage can come in handy, since the costs associated with just one covered incident can easily exceed the limits of a liability policy. Commercial umbrella insurance policies have aggregate limits, typically $1 million or $2 million.
The different types of commercial insurance that biBERK offers provide broad coverage. However, you can get additional coverage by including what are called endorsements. These add-ons typically enhance the base coverage in some way. And whether you ultimately choose to purchase them or not, it’s important to understand the protection they offer.
Every small business needs business insurance. This may include policies like general liability, commercial auto, and others. The types and amounts of coverage vary based on the kind of work you do. But whatever biBERK liability coverage you have, commercial umbrella insurance can provide an added layer of protection.
We want you to make well-informed decisions about your insurance needs. Learn from answers to the questions most frequently asked by business owners.