An extra layer of coverage to protect your business.
Commercial umbrella insurance customized to your business.
Commercial umbrella insurance is designed to supplement existing insurance policies, giving you an additional layer of protection for your business. We’ll work with you to find the right umbrella solution to cover all your business needs.
Commercial Umbrella Insurance in South Carolina
Running a business brings real liability risks. One major claim could exhaust your general liability limits, commercial auto insurance, or other liability policies faster than you might think. A commercial umbrella insurance policy gives you an extra layer of liability protection to help protect your business when the unexpected hits.
C.T. Lowndes & Co. has served South Carolina for more than 175 years, and we help business owners across the state understand how commercial umbrella insurance works and how it fits into their overall business insurance plan.
Get in touch with an agent for a Commercial Umbrella Insurance quote from C.T. Lowndes & Co. today.
What is Commercial Umbrella Insurance?
Commercial umbrella insurance steps in when a liability claim exceeds the limits of an underlying policy, such as your general liability insurance, commercial auto, or professional liability coverage.
When your liability policy limits are reached, your umbrella policy helps cover expenses tied to lawsuits, bodily injury, property damage, medical expenses, or damage to someone else’s property.
A commercial umbrella insurance policy can provide $1 million dollars of added insurance coverage or more, depending on how much coverage your business needs.
Who Needs It?
Any company that interacts with customers, vendors, or the public can benefit from commercial umbrella coverage. It’s especially helpful for:
- Small businesses that want affordable extra protection
- Companies with vehicles or a fleet covered under commercial auto insurance
- Businesses that work at client sites where customer property could be damaged
- Operations with higher liability risks, including contractors, retail, hospitality, or professional services
- Anyone who wants to help protect their business from lawsuits tied to injuries, accidents, or errors and omissions
Even businesses that feel well-insured often find that just one lawsuit can exceed their policy limits. An umbrella policy can help fill that gap.
What Does It Cover?
A commercial umbrella policy adds broader umbrella coverage across several liability policies. It can help cover expenses such as:
When Your General Liability Limits Are Exhausted
If your general liability insurance policy hits its limit due to bodily injury, property damage, or advertising injury, your umbrella policy kicks in to continue to offer financial protection.
Liability From Auto Accidents
If any of your business vehicles is involved in a major auto accident, your umbrella insurance can extend coverage beyond your commercial auto limits, helping pay medical bills, lost wages, or legal costs.
Large Liability Claims
If your business is found liable for damage to else’s property, injuries, or accidents tied to your business operations, your umbrella policy provides an extra layer of funding to resolve the claim.
Defense Costs
Many umbrella insurance policies also help cover defense costs, which can be significant even before a claim settles.
When Underlying Policy Limits Run Out
Your underlying policy, such as general liability or auto, must respond first. When its limit is reached, your commercial umbrella liability insurance takes over.
How Much Does Commercial Umbrella Insurance Cost?
The cost of commercial umbrella insurance depends on several factors:
- Your industry and related business operations
- How many liability policies you carry
- Your existing coverage limits
- The assets your business owns
- Claims history and exposure
- Whether you operate a small business or a large corporation
Your agent at C.T. Lowndes can walk you through how much coverage you may need and what a commercial umbrella policy might look like for your location and risk profile. In many cases, the umbrella insurance cost is lower than business owners expect.
How Does Commercial Umbrella Insurance Work?
Here’s a simple view of how commercial umbrella insurance works:
- A covered incident occurs.
- Your underlying policy (such as general liability or commercial auto) pays up to its limit and is exhausted.
- If the liability claim exceeds that limit, your umbrella coverage starts paying up to your umbrella policy limits.
That extra layer can be the difference between a resolved claim and a major financial setback.
Why Work With C.T. Lowndes & Co.
C.T. Lowndes offers:
- Local advisors who guide you through your insurance policies
- Help with explanations of coverage so you can choose the right commercial umbrella insurance coverage
- Fast, responsive service backed by more than a century and a half of experience
We help protect your business with business insurance that matches your liability exposure, assets, and growth goals.
Get a Commercial Umbrella Insurance Quote
For more than 175 years, C.T. Lowndes has helped South Carolina businesses secure the commercial umbrella insurance coverage they need to help protect your business, safeguard employees, and keep operations running smoothly. Our team will explain your options and build a plan that fits your risk and budget.
Get a Commercial Umbrella Insurance quote from C.T. Lowndes & Co. today and protect your business with confidence.
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As an independent agency, we are here to help you find the right Commercial Umbrella Insurance coverage.
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As an independent agency, we are here to help you find the right coverage.
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