UMBRELLA & EXCESS INSURANCE

In the ever-evolving landscape of business risks, having adequate insurance coverage is crucial for safeguarding your assets and financial well-being. At Kempten Risk, we offer Umbrella and Excess insurance solutions to provide an extra layer of protection beyond the limits of your primary insurance policies.

What is Umbrella and Excess Insurance?

Umbrella and Excess insurance are types of liability coverage designed to provide additional protection beyond the limits of underlying primary insurance policies, such as general liability, auto liability, or employers' liability. While primary policies typically have predetermined coverage limits, Umbrella and Excess insurance kick in once those limits are exceeded, offering extended coverage for covered claims.

Benefits of Umbrella and Excess Insurance:

• Increased Liability Limits: Umbrella and Excess insurance policies provide higher liability limits than primary policies, giving you greater financial protection against costly lawsuits, judgments, and settlements.
• Comprehensive Coverage: These policies offer broad coverage that extends across multiple underlying liability policies, consolidating your insurance protection and simplifying your risk management approach.
• Cost-Effectiveness: Umbrella and Excess insurance can be a cost-effective solution for enhancing your insurance coverage, as it typically offers higher limits at a lower cost per additional million dollars of coverage compared to increasing the limits of primary policies.
• Tailored Protection: Umbrella and Excess insurance can be customized to meet the specific needs and risk exposures of your business, ensuring that you have the right level of coverage to address potential liabilities.

Why Purchase Umbrella and Excess Insurance?

Investing in Umbrella and Excess insurance is essential for businesses seeking comprehensive risk protection. Here's why:

• Asset Protection: In today's litigious society, lawsuits can result in substantial financial losses that could jeopardize your business assets and future viability. Umbrella and Excess insurance provides an additional layer of protection to shield your assets from potential liabilities beyond the limits of your primary policies.
• Peace of Mind: With Umbrella and Excess insurance in place, you can have peace of mind knowing that you have sufficient coverage to handle unexpected and catastrophic events that could otherwise drain your financial resources.
• Contractual Requirements: Many contracts, especially those with vendors, clients, or landlords, may require you to carry specific liability limits. Umbrella and Excess insurance can help you meet these contractual obligations and secure business opportunities.
• Industry Regulations: Certain industries may face higher liability risks or regulatory requirements necessitating higher insurance limits. Umbrella and Excess insurance offers the flexibility to tailor your coverage to meet industry-specific needs.

Umbrella and Excess insurance are suitable for a wide range of businesses, including:

• Large Corporations: Companies with substantial assets and high liability exposures benefit from the additional protection provided by Umbrella and Excess insurance to safeguard their financial interests.
• Contractors and Construction Firms: Construction businesses often operate in high-risk environments and may face significant liability exposures. Umbrella and Excess insurance offers essential protection against construction-related accidents and lawsuits.
• Manufacturers: Manufacturers dealing with heavy machinery and complex products face potential liability risks associated with product defects, workplace accidents, and environmental exposures.
• Hospitality Industry: Hotels, restaurants, and resorts are susceptible to liability claims arising from slip-and-fall accidents, foodborne illnesses, and other incidents. Umbrella and Excess insurance provides vital coverage to mitigate these risks.
• Transportation and Logistics Companies: Trucking companies, freight forwarders, and logistics providers face unique liability challenges related to transportation accidents, cargo damage, and third-party injuries.

Secure Your Business with Umbrella and Excess Insurance:

Protect your business from unforeseen liabilities and financial losses by investing in Umbrella and Excess insurance coverage from Kempten Risk. Our experienced team is dedicated to helping you assess your risk exposures and tailor a comprehensive insurance solution that meets your specific needs and budget. Contact us today to learn more about how Umbrella and Excess insurance can enhance your risk protection strategy.