What is Umbrella insurance?
Umbrella insurance is additional protection that extends the coverage limits of other liability insurance policies, such as commercial auto, general liability and workers compensation. This type of insurance is designed to offer an extra layer of financial protection for companies, covering costs that exceed the limits of serious primary policies or complex litigation.
With Umbrella insurance, companies can protect themselves against the high risks and legal claims that can arise in the event of accidents.
What does it offer to your company?
Additional General Liability cover
Provides additional protection against claims for bodily injury, property damage and personal injury. In situations where the costs of an accident or litigation exceed the limits of the primary policy, Umbrella insurance steps in to cover the additional costs, ensuring that the company is fully protected.
Extra cover for
Commercial Auto
This extension offers extra protection against accidents involving commercial vehicles. In the event of a serious accident where the damage exceeds the commercial auto insurance limits, Umbrella insurance covers the excess costs, including vehicle repairs, medical expenses and legal costs, protecting the company from significant financial losses.
Extra cover for Workers
Compensation
This additional coverage protects the company against employee claims that exceed the limits of Workers Compensation insurance. Umbrella insurance covers additional expenses, including medical costs, compensation and legal costs, ensuring that the company can meet its financial obligations without compromising its economic stability.
Protect the future of your business!
Choose BIP to insure your company,
your employees and your equipment.