You have a profitable business. You entertain customers, colleagues and suppliers. You rent business space in a large building with multiple tenants. You travel and sell your products abroad.
And you already carry insurance policies to cover them all for damage and to protect yourself if you're sued.
But what if that coverage isn't enough?
Your business success puts you at greater risk of being sued for large sums of money if someone is injured on your property, using your equipment, shipping your products or you damage their reputation.
A Business Liability Umbrella provides additional, worldwide coverage to supplement your existing Coachman policies, and in some cases, fill gaps they don't cover.
You've worked hard to get where you are and get what you've got - so protect it!
Liability and more
Besides providing additional liability coverage (up to $5 million) when your business or commercial auto insurance is maxed out or by filling gaps in those underlying policies, a liability umbrella gives coverage for things you wouldn't normally get with your existing policies, like:
Excess commercial liability coverage - for bodily injury and property damage over underlying commercial general liability (CGL) policies.
First dollar defense coverage - covers defense costs from the first dollar where coverage is provided by the umbrella but not in the underlying policy. Payment of defense costs will not reduce the limit of insurance.
World Wide coverage - for bodily injury or property damage claims as well as personal or advertising injury claims, excluding auto.
No deductible - you only pay deductibles associated with underlying policies.
No endorsement for additional insured - if you're protected by the underlying CGL policy, you're automatically included under the umbrella policy.
To be eligible, you should have existing Coachman commercial property and auto insurance policies with a minimum liability limit of $2 million. Some eligibility restrictions apply.
Ask your broker
Not sure if a Business Liability Umbrella coverage is right or you or your business? Ask your broker for more information about adding umbrella insurance to your existing Coachman policies.