Umbrella Liability Insurance

An umbrella policy provides additional limits of coverage in increments of $1,000,000 in addition to the underlying limits of General Liability, Business Auto, and the Employers Liability portion of a Workers’ Compensation policy.

For example, if you have an Umbrella Liability policy with a limit of $4,000,000 and a General Liability policy with a limit of $1,000,000, you have $5,000,000 of total limits of General Liability protection.

It is important to note that Umbrella Liability policies do not coordinate with and provide additional limits of protection over a Professional Liability policy. Therefore, if you want a higher Professional Liability limit than $1,000,000, you must buy this separate from the Umbrella Liability.

Why would a tech company want to buy an Umbrella Liability policy?

  1. If it is required by contract to protect a customer or another tech company that you are performing work on behalf of.
  2. You want the additional “peace of mind” for a relatively inexpensive price. The average premium for each $1,000,000 of incremental coverage is approximately $425.

Ready to get your free personalized technology insurance quote?

Help protect yourself and your IT business by getting your fast and easy no-obligation insurance quote. To get started, simply fill out our convenient 4 minute online quote request form and it only takes 2 more minutes to purchase coverage or call us toll free at 1-800-622-7370 to speak to an expert licensed insurance specialist today.