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How an Umbrella Policy can Provide Peace of Mind for Your Organization

January 21, 2020

If you consider risk exposures for a company, liability is typically always at the top of the list. Finished products, services provided, vehicles on the road, are all exposures that can trigger a liability claim.

Underlying policies provide foundational coverage, but this may not be enough in the event of a catastrophic event. Third party allegations are increasing and defense costs are getting more expensive.

Liability insurance for business owners is critical in our litigious society. An Umbrella policy provides higher limits of liability coverage to extend over General Liability, Auto Liability, Employers Liability, Liquor Liability and Workers Compensation.

Exploring the peace of mind that an Umbrella policy provides:

  • An auto accident caused by an employee driving their own vehicle, while working on behalf of the company.
  • Long term employee injured on the job, out of work for years.
  • A visitor slips inside your property due to a spill on the plant floor.
  • Your product injures a consumer causing them to no longer be able to work.

These events cannot be predicted or sometimes even prevented. An Umbrella policy is approximately $500-$1,500 per million in coverage, depending on exposures.

The unknown of risk is always possible, but aligning your Umbrella policy to properly reflect your assets will help provide peace of mind and continued success.

Contact me direct or learn more on our Property & Casualty page.

Maggie Rettig
Client Manager


Note: This communication is for informational purposes only. Although every reasonable effort is made to present current and accurate information, Oswald makes no guarantees of any kind and cannot be held liable for any outdated or incorrect information. View our communications policy.