Commercial Umbrella Insurance in Des Moines and Clive, Iowa
If an umbrella policy is smart for an individual, it is essential for a business. Absolute Insurance, an independent agency in Clive, Iowa, helps Des Moines metro business owners add commercial umbrella coverage that sits above their other policies, so one catastrophic liability loss does not undo everything they have built.
Why does my business need a commercial umbrella policy?
A commercial umbrella policy protects your assets by providing liability limits above and beyond your other business policies, and in some cases it even broadens your protection. With the rising cost of lawsuits and the unpredictable nature of jury awards, a single unforeseen event can threaten a business. Because of that, Absolute Insurance recommends most business insurance programs include umbrella coverage.
What is excess liability coverage?
Excess liability coverage provides extra liability limits over an umbrella policy. It typically follows the terms of the first underlying insurance policy, adding another layer of protection on top of the coverage you already carry.
Who needs excess liability coverage?
Higher limits may be necessary for businesses with greater exposure, including those with high loss potential, a high public profile, sizeable sales, numerous assets, large auto fleets, a worldwide presence, or significant public exposure. An Absolute agent can review your operations and recommend the right limits.
Get a commercial umbrella insurance quote
Talk to us about your business operations and we will advise you on the liability coverage you need to protect yourself and your company. Call Absolute Insurance at 515-279-2722, email service@insaia.com, or request a quote online, and we will make sure you are covered.
Frequently asked questions
It provides liability limits above and beyond your other business policies, such as general liability and commercial auto, and in some cases broadens your protection, so a large claim does not exceed your coverage.
An umbrella policy adds liability limits over your underlying policies and can broaden coverage, while excess liability adds limits over the umbrella and typically follows the terms of the first underlying policy.
Businesses with high loss potential, a high profile, large sales, many assets, large auto fleets, or significant public exposure often need higher limits. An Absolute agent can recommend the right amount.
