800-437-3888 | 410-546-5575 ☰ ˟
Logo
Call 800-437-3888 | 410-546-5575
  • Home
  • Products
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Farm InsuranceImage of right arrow
      • Agribusiness Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Financial ServicesImage of right arrow
      • Annuities
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Personal Umbrella Insurance
      • Identity Theft
      • Data Backup
      • Other Services
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Leave Management
      • Loss Control Insurance
      • Marine Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Surety Bonds
    • Coverage for Your EmployeesImage of right arrow
      • Disability Insurance
      • Individual Life Insurance
  • Get a Quote
    • Auto Insurance
    • Homeowners Insurance
    • Farm Quote Request
    • Truck Quote Request
    • Commercial Auto Insurance
    • Coastal Property Insurance
  • Payment/Claims
  • Our Agency
    • About
    • Our Staff
    • Our LocationsImage of right arrow
      • Get Directions
    • Community Involvement
    • Our Company Partners
    • Contact Us
  • Contact Us
    • Mann & Gray Insurance Associates
    • Location & Hours
    • Get a Quote
  • Blog
Auto Icon

Auto & Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Poultry Farm Icon

Poultry Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Truck Icon

Commercial Trucking

We browse through a wide variety of coverages and find the right one for you.

Learn More
Commercial Icon

Commercial Insurance

We browse through a wide variety of coverages and find the right one for you.

Learn More
Coastal Property Icon

Coastal Property

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > The Importance of Commercial Umbrella Insurance
THURSDAY, OCTOBER 27, 2022

The Importance of Commercial Umbrella Insurance

Businesses face a multitude of risks and exposures on a daily basis. Regardless of industry or size, your company must actively implement and maintain robust risk management and loss control practices. One crucial element of any business’s risk aversion efforts is acquiring suitable insurance coverage, which may include a commercial umbrella policy.a row of colorful umbrella

With over 40 years of experience serving the Fruitland area, Mann & Gray Insurance Associates is ready to help your business protect itself with suitable commercial umbrella coverage.

What Is Commercial Umbrella Insurance?

Commercial umbrella insurance may be a vital element of any business’s insurance portfolio. This type of coverage provides an additional safety net across many common risks and exposures and serves as a backup if incidents exceed the coverage limits of other insurance policies, such as the following:

·        General liability—If you are responsible for an incident on your premises and lack adequate coverage for the losses and damages, a commercial umbrella policy can render additional financial aid.

·        Commercial auto—If your business is responsible for a traffic accident and the other party’s damages exceed your coverage limits, commercial umbrella coverage can compensate for the deficiency.

·        Employer’s liability—If an employee alleges your business is responsible for their work-related injury or illness and your legal fees exceed coverage limits, your commercial umbrella insurance may be able to provide further financial assistance.

In general, commercial umbrella insurance can provide critical financial assistance for the following expenses:

·        Medical care

·        Repairing or replacing damaged property

·        Legal representation

·        Judgments and settlements

Who Needs Commercial Umbrella Insurance?

Given that all businesses face inherent risks and exposures, commercial umbrella insurance should be considered. This type of coverage may be of particular importance under the following conditions:

·        Your business engages regularly with the public.

·        Your business makes frequent use of motor vehicles.

·        Your business is part of a high-risk industry, such as construction or manufacturing.

In addition, your company may also be compelled to acquire this type of insurance when pursuing contracts. In order to submit a bid, clients may require significant liability coverage, and an adequate commercial umbrella policy can help your business qualify.

Get the Right Coverage

Even businesses that have already obtained a robust and diverse insurance portfolio may need to reassess and augment their coverage. Commercial umbrella insurance provides policyholders with what may end up being critical aid in the aftermath of an incident. Without this additional layer of protection, your company may lack the resources it needs, and the financial impact of even a single event could have irreparable ramifications.

The agents of Mann & Gray Insurance Associates are ready to help. Contact us today, and we will analyze your business’s specific circumstances to determine your coverage needs and develop an ideal commercial umbrella policy.

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Posted 3:41 PM

Tags: umbrella insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • farm insurance(6)
  • insurance(5)
  • coverage(3)
  • trucking insurance(3)
  • liability(2)
  • general(2)
  • vehicles(2)
  • commercial(2)
  • umbrella insurance(2)
  • contractors(2)
  • commercial auto(2)
  • employee(2)
  • business insurance(2)
  • auto(2)
  • farm equipment(1)
  • auto insurance(1)
  • ranch(1)
  • livestock(1)
  • equipment(1)
  • farm equipment insurance(1)
  • commercial trucking insurance(1)
  • contractors insurance(1)
  • business auto(1)
  • farm(1)
  • trucking(1)
  • business owners policy(1)
  • equipment breakdown insurance(1)
  • homeowners insurance(1)
  • life insurance(1)
  • home insurance(1)
  • business auto insurance(1)
  • builders risk insurance(1)
  • contractor insurance(1)
  • truck insurance(1)
  • commercial insurance(1)
  • liability insurance(1)
  • livestock insurance(1)

View Mobile Version

Contact Us Today!
800-437-3888
410-546-5575

Social Social Social Social

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

Mann & Gray
100 South Camden Ave.
Fruitland, MD 21826

P: 410-546-5575 | F: 410-742-2473 | E: manngray@comcast.net
© Copyright. All rights reserved. | Powered by Insurance Website Builder