An umbrella policy is a form of liability insurance that provides extra liability coverage above the limits of the policyholder's home, auto, and watercraft policies. In this way, it protects against major liability claims that may exhaust the coverage limits of their regular policies as well as various legal and personal liability situations not covered by those policies.

An insured can also have an Umbrella policy for their business.

Commercial Umbrella Insurance—sometimes referred to as Umbrella Liability Insurance—is a type of casualty insurance that supplements the policy limits of an insured’s underlying primary insurance policies, such as general liability, auto liability, etc. It can help cover costs such as legal fees, damages, and medical expenses.

An umbrella liability policy can also protect a business from gaps in existing coverage and sometimes exclusions written into the primary liability policy. In simple terms, if you have an umbrella policy, your insurance company can issue a payout when the higher limits of an insurance policy have been reached. It's extra coverage that's not legally required but gives you an extra layer of protection for your company.

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