Commercial Umbrella Insurance in Flower Mound, TX

Commercial umbrella insurance is a type of excess liability coverage that can extend the limits of your existing business liability policies, such as general liability, commercial auto and employers’ liability insurance. If your business faces a claim that surpasses the limits of your primary policies, commercial umbrella coverage can help cover the additional costs.

Why Do Texas Businesses Need Commercial Umbrella Coverage?

Texas businesses often operate in dynamic environments where lawsuits and large claims can arise unexpectedly. Even with solid primary insurance, accidents, property damage or a significant injury can result in expenses that exceed your policy limits. Without umbrella coverage, your business may be responsible for paying these excess costs out of pocket, potentially causing financial strain.

Specifically, prominent reasons to consider commercial umbrella insurance often include:

• Financial protection against large liability claims that exceed standard policy limits
• Coverage for particularly expensive legal fees, settlements and judgments
• Compliance with client and contract requirements regarding minimum liability coverage limits

How Much Commercial Umbrella Coverage Does Your Business Need?

The right amount of coverage for your business depends on many factors, including daily operations, potential exposure to large claims and the value of assets that could be affected during a lawsuit. Higher-risk industries often select larger limits due to frequent public interaction or heavier equipment use. Some contracts may also require a specific amount of additional liability coverage. Discuss your operations with an insurance professional from Consolidated Insurance Markets to help you select an appropriate level of coverage.

Get Covered Today

Don’t let a large liability claim threaten your company’s financial future. Reach out to Consolidated Insurance Markets to learn more about commercial umbrella insurance and how we can help you find a suitable policy. Contact our team today to get started.