Excess Liability Insurance (Umbrella) Insurance

Umbrella coverage, or excess liability insurance, is so named because it acts like an umbrella sitting on top of your current liability policies to provide extra protection. Umbrella insurance policies provide additional coverage after the limits of your underlying policy are reached.

Umbrella insurance is an affordable extra layer between you, your business, and a financially devastating lawsuit.

Umbrella policies typically cover:

• Liability judgments that exceed the liability coverage limits on your Georgia business insurance policies. (In other words, after your primary policy pays it's maximum damages the umbrella policy would kick in for to cover any overages.)
• Situations where you (or an employee) cause bodily injury, property damage, or personal injury (including such injuries as libel and slander).
• Legal fees and defense costs.

Because no one expects a disaster or law suit to strike, it’s important to cover unsuspected events. Umbrella coverage is affordable and could be essential to protect your Georgia business.

Talk to the insurance experts at Lloyd Pro Group who can explain the appropriate insurance coverages for your business needs.