HML Insurance
Commercial Umbrella Insurance
Commercial Umbrella Insurance
Running a business comes with risks, and sometimes the unexpected can stretch your primary insurance limits. A Commercial Umbrella policy provides an extra layer of protection when a major claim exceeds the coverage on your general liability, commercial auto, or other underlying policies.
It’s one of the smartest ways business owners protect themselves from high dollar lawsuits, accidents, and liability exposures that could threaten the future of their company.
At Hallahan, McGuinness, & Lorys Ltd., we help you understand how umbrella coverage works and make sure your business has the right limits in place.
What a Commercial Umbrella Covers
A Commercial Umbrella doesn’t replace your existing policies. It sits on top of them and increases your liability protection. When a claim surpasses your underlying policy limits, your umbrella steps in.
Coverage typically includes:
• Excess Liability Protection
Adds additional coverage above your general liability, commercial auto liability, and employers liability (part of workers comp).
• Catastrophic Loss Protection
Helps protect your business from rare but severe events that could lead to large settlements or judgments.
• Coverage for High Risk Exposures
Some industries face larger liability exposures. Umbrella coverage helps safeguard against claims that could exceed standard limits.
• Legal Defense Costs
Covers attorney fees and court expenses related to covered claims beyond your underlying policy limits.
This additional protection can be the difference between a manageable incident and a financial crisis.
Who Needs a Commercial Umbrella Policy?
Any business with meaningful liability exposure can benefit, including:
• Contractors and trades
• Retail stores
• Restaurants and hospitality
• Medical or professional offices
• Manufacturing and warehouse operations
• Service companies
• Businesses with multiple vehicles
• Companies with high foot traffic
• Owners with multiple commercial properties
If a single large claim could damage or shut down your business, umbrella insurance is worth considering.
Why It Matters
Liability claims continue to rise, and judgments can easily exceed basic policy limits. Even responsible businesses face risks outside their control. Adding an umbrella policy helps:
• Increase liability limits at a relatively low cost
• Protect business assets and long term stability
• Satisfy contract or vendor requirements
• Strengthen your overall risk management plan
Umbrella coverage is one of the most cost effective ways to add meaningful protection.
Why Work With HML?
As an independent agency, we compare coverage options from multiple carriers to help you choose the right umbrella limit at the right price. Our team makes sure your underlying liability policies meet the required minimums so the umbrella policy responds correctly when you need it.
We help you:
• Evaluate your current liability exposure
• Choose appropriate limits based on your industry
• Understand carrier requirements and exclusions
• Keep policies aligned as your business grows
• Navigate claims with support when the unexpected happens
You get real guidance, not guesswork.
Get a Quote
Give us a call at 914-939-8895 and we’ll help you determine the right umbrella coverage for your business.
Strong protection. Simple addition. Peace of mind that grows with you.