The Importance of Commercial Umbrella and Excess Liability Coverage

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Why Your Business Needs Additional Liability Protection

In today’s business environment, standard liability insurance policies may not always provide enough coverage for all potential risks. A single major lawsuit or catastrophic event could easily exceed the limits of your general liability, auto liability, or employers' liability policies. That’s where commercial umbrella and excess liability insurance come in—offering your business an added layer of protection to safeguard your assets, reputation, and financial stability.

The Role of Commercial Umbrella and Excess Liability Insurance

Both commercial umbrella and excess liability insurance policies extend coverage beyond the limits of your existing liability policies, but they serve different functions:

• Commercial Umbrella Insurance: Provides broader protection by increasing coverage limits and potentially covering certain gaps in underlying policies. If an incident occurs and the primary policy limit is exhausted, an umbrella policy steps in to cover the additional costs.
• Excess Liability Insurance: Strictly increases the limit of an existing policy without extending coverage to new exposures. It provides higher limits for specific risks already covered in your underlying policy but does not add coverage for exclusions or gaps.

Key Benefits for Mississippi Businesses

• Increased Financial Security: Protects against large claims that could otherwise threaten your company’s financial well-being.
• Legal Cost Coverage: Helps cover defense costs in lengthy legal battles.
• Protection Across Policies: Umbrella and excess liability policies can extend coverage over multiple underlying policies, such as general liability, commercial auto, and workers’ compensation.
• Peace of Mind: Reduces the risk of out-of-pocket expenses when facing large claims, settlements, or court judgments.

Who Needs Umbrella or Excess Liability Coverage?

Any business in Mississippi can benefit from additional liability coverage, but it is especially critical for companies that:

• Regularly interact with customers, vendors, or the public
• Operate in high-risk industries such as construction, manufacturing, or transportation
• Own a fleet of vehicles or have employees driving for business purposes
• Have a large workforce with significant exposure to employment practices claims
• Maintain high-value assets that could be targeted in lawsuits

Choosing the Right Coverage for Your Business

The right amount of coverage depends on your business size, industry, and risk exposure. The Granberry Agency specializes in customized risk management solutions tailored to businesses across Mississippi, ensuring you have the right balance of primary and excess liability coverage to protect your business effectively.

Let’s discuss how we can help strengthen your liability protection plan. Contact The Granberry Agency today for a consultation!

(601) 755-2468​
4885 Highway 589
Sumrall, MS 39482​​
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