Additional Liability Protection for Growing Businesses
As your business grows, so does your exposure to risk. Commercial excess and umbrella liability insurance provide an extra layer of protection beyond your existing liability policies, helping safeguard your business from large claims and meet contractual insurance requirements.
At Thompson-Hicks Insurance, we help contractors, commercial property owners, large commercial operations, and other businesses secure higher liability limits through trusted and specialized insurance carriers.
Commercial Umbrella vs. Excess Liability
While both policies provide additional liability protection, they serve different purposes.
Commercial excess liability insurance extends the limits of your underlying policies while following the same terms and conditions. It is often a straightforward way to add more protection when you need higher limits on a particular line of coverage.
Commercial umbrella insurance also provides higher liability limits but may broaden coverage in certain situations. It can extend over multiple underlying policies, including general liability, commercial auto, and employers' liability. Depending on the policy form, it may also provide coverage in situations where the underlying policy does not, helping fill certain gaps in protection.
Our team will help determine which solution or combination of both is the best fit for your business.
Coverage Built Around Your Business
We analyze your operations and liability exposures to layer coverage seamlessly over your existing policies without creating coverage gaps. If your current carrier has reached its maximum liability limits, we can access specialized excess markets to provide additional protection.
For businesses seeking broader flexibility, we can also source commercial umbrella policies that integrate with your existing coverage, even if your primary policies are with different carriers, giving you access to millions of dollars in additional liability protection without requiring you to move all of your insurance to one company.
Protect Your Business With Greater Peace of Mind
Thompson-Hicks Insurance can help you build a liability program that protects your business today and prepares you for tomorrow.
Contact us today to request a quote for commercial excess and umbrella liability insurance in Tyler, TX.