Commercial Umbrella Insurance Miami, FL
Running a successful business takes a lot of time, commitment, and hard work. Don’t let it all go to waste by leaving your business unprotected against unforeseen accidents and lawsuits. Commercial umbrella insurance adds an additional layer of protection by helping to cover costs that exceed your standard general liability insurance policy. Without this insurance, your business may face significant out-of-pocket expenses if you are held liable for damages that exceed your current coverage.
Get in touch with an NSI Insurance agent today to learn more about commercial umbrella insurance in Miami, FL and the surrounding areas.
For over 60 years, NSI Insurance has helped countless business owners in the Miami, FL area find the affordable, comprehensive insurance products they need to protect themselves, their families, their businesses, and their most valuable assets.
Our experienced, licensed insurance agents have the knowledge and expertise needed to help you find the commercial insurance policies that meet the needs of you and your business.
What Does Commercial Umbrella Insurance Cover?
Commercial umbrella insurance costs cover the same costs as your business liability insurance, such as medical bills, legal costs, and other damages as a result of:
- Customer or employee bodily injury
- Property damage your business causes to another person’s property
- Commercial vehicle-related auto accidents
You may be able to add optional coverages to your commercial umbrella insurance policy, such as:
- Liquor liability insurance
- Hired and non-owned auto insurance
- Employment practices insurance
- And more
What Is Not Covered?
Commercial liability insurance typically only acts as an extension to business liability insurance and commercial auto insurance. It does not act as a supplement to products like commercial property insurance.
For instance, if your property is damaged by a storm, fire, or another weather event, and the cost to repair the property exceeds your commercial property insurance coverage limit, you will be responsible for the remaining cost as your commercial umbrella insurance would not apply.
Commercial Umbrella Insurance FAQs
Still have questions? Here are answers to some of the most common questions we get regarding commercial umbrella insurance in Miami, FL.
How much does commercial umbrella insurance cost?
The cost of your insurance policy will depend on several factors, including:
- Existing coverage
- Business size
- Type of business
- Risk factors
- And more
An NSI Insurance agent will work with you to find a policy that meets your needs and fits your budget.
What are the coverage limits for commercial umbrella insurance?
The coverage limit is the maximum amount your insurer will pay for covered claims. Commercial umbrella insurance coverage limits vary, but they typically range from $1 million up to $15 million.
Does commercial umbrella insurance cover auto accidents?
Most commercial umbrella policies do cover commercial auto accident claims that exceed your existing commercial auto insurance coverage limit. So, if you or an employee are involved in an accident while driving a covered vehicle, your umbrella policy may cover the damages that exceed your current auto coverage.
Request a Quote Today
Businesses face a variety of risks that can result in significant financial damages. While your business liability insurance may cover common accidents, more severe incidents may result in damages that exceed your coverage limit. When this happens, businesses rely on commercial umbrella insurance to cover the additional costs.
Speak with an NSI Insurance agent today to get a quote for your commercial umbrella insurance policy in Miami, FL, Pembroke Pines, and the surrounding areas.
We specialize in more insurance policies! Take a look at our other coverage options below.