commercial umbrella insurance

A little extra coverage for your peace of mind.

Today’s litigious environment means that million-dollar lawsuits are no longer rare, which can be detrimental to businesses without the right insurance protection in place. While standard policies such as general liability, business auto liability, product liability, workers comp, and other policies go a long way to insuring against specific exposures, there are limits to the amounts that can be written. Depending on your company’s value, assets, exposures, etc., these amounts may not be enough to respond to a multi-million-dollar suit. That’s the job of a commercial umbrella policy or excess liability insurance.

Going above and beyond.

A commercial umbrella policy steps in once the limits under your primary liability policies have been exhausted, providing protection against various types of liability, including personal injury, liquor law, contractual, and vehicle. For example, if someone is seriously injured on your premises and awarded a $3 million judgment and you carry $1 million under your general liability policy, an umbrella policy will kick in to cover the additional liability up to the amount of the excess liability insurance. So if you have a $2 million umbrella policy, your effective insurance for a covered claim becomes $3 million. In addition, an umbrella insurance policy can also add coverage for risks that are excluded from your primary commercial liability insurance policies.

At Martin Insurance Group, we’ll review your exposures and the amount of risk your business can tolerate to help determine what you need in terms of excess liability insurance. We work with various top-rated insurers to secure a competitively priced umbrella policy to help protect you against potentially devastating liability losses.

Call now to speak with a representative about umbrella insurance coverage. With clients in New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA, Martin has the experience and expertise to protect you and your business. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.

Q. Why do I need a commercial umbrella policy?

A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.

Without specialized business coverage like a commercial umbrella policy, everything you put into a business could easily be wiped out with one accident, law suit, or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.

Q. Why should I buy a commercial umbrella policy from you?

A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.

Here are some additional reasons customers trust us for their commercial insurance needs:

We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.

We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.

We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.

Q. I already have a commercial umbrella policy. How do I know if it’s the right type or amount?

A. If you already have some form of a commercial umbrella policy, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.

Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.

Email: • Toll-Free: 800.353.5000 • Telephone: 609.356.1500
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