Commercial Umbrella Insurance Coverage Basics
The basic premise of Commercial Umbrella insurance is that it covers an organization from lawsuits or claims which exceed the liability limits set by a business’ primary commercial and general liability policies. It includes damages to other parties, third-party property damage, legal fees, etc. As mentioned previously, there are many scenarios in which a company’s Commercial General Liability insurance policy alone would not be adequate to fully cover the risk it poses to others. Luxe Insurance Brokers will work with business owners to ensure we have the proper coverage in place to keep them protected legally.
Commercial Umbrella Insurance for Rental Properties
Another common type of Commercial Umbrella insurance coverage is for rental properties. This policy can be purchased by an individual or a business, but it’s most commonly used by people who own multiple properties (such as landlords) and want to ensure their assets are fully protected in the case of an accident, claim, or lawsuit.
A typical Commercial Umbrella Insurance policy is effective for a standard one-year term and will automatically renew upon expiration, or it can be canceled upon request from the insured.
Why Choose Us?
With our years of experience, we can help you with all aspects of your insurance plan. As independent agents who represent multiple companies, we have access to a large variety of plans that will meet your requirements and fit within your budget. We are licensed to work in Arizona, and we can help you choose a plan that fits both your state’s requirements and your budget.
You’ll love our convenient office location in Scottsdale, Arizona. We’re proud members of the community and would appreciate the chance to help you with your insurance needs. Call today!
We care about you
Luxe Insurance Brokers is a privately held insurance brokerage firm based in Scottsdale, Arizona. For years, we have strived to offer our clients the protection they need at the rates they deserve. We care about the quality of our customer service and strive to make your policy buying experience as simple and stress-free as possible.
Check out the rest of our site or give us a call at 480-568-2566 to learn more about home insurance plans, personal liability protection, or any of our other affordable insurance products. We also have access to a wide variety of specialty insurance policies that may interest you.
Contact us today
Do you want to learn more about how we can help protect your assets with insurance from Luxe Insurance Brokers?
If so, call us today at 480-568-2566 to set up an appointment. We’re located at 7047 E Greenway Parkway Ste 250. Scottsdale, AZ
We’re passionate about helping you protect what matters most to you.