why you need business excess liability Insurance

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We can find you liability coverage in excess of what you already have on your other business policies, such as:

BOP
Commercial Auto
General Liability
E&O

ASSET PROTECTION:

If your business has substantial assets, investments, or savings, Business Excess Liability Insurance can protect them from being depleted in lawsuits, providing an additional layer of protection beyond the limits of your Commercial Insurance policies.

FINANCIAL PROTECTION:

Business Excess Liability insurance covers the difference beyond your business insurance policies if someone is injured on your property, safeguarding your business assets from being depleted by damages or legal fees in lawsuits. 

PERSONAL INJURY COVERAGE:

Covers legal fees and damages from slander or libel lawsuits (something you say/write that damages a person’s reputation or business), false arrest or imprisonment, wrongful eviction, and other related lawsuits against your business.

PEACE OF MIND: 

Business Excess Liability Insurance offers peace of mind if you’re concerned about potential business liabilities that may exceed the limits of your commercial insurance policies. 

Estimate Your Business Excess Liability Insurance Needs:

Estimating Your Business Excess Liability Insurance Needs:

Business Excess Liability Insurance functions as an additional layer of liability protection beyond your Business Auto, General Liability, and any other commercial liability insurance coverages. It helps protect your business from liability claims that exceed your Business Insurance Liability limits.

Calculating Coverage:

To calculate the appropriate amount of Business Excess Liability insurance for your business, begin by determining your business’s net worth.  Total your assets and savings, then subtract any debts.  Next, assess the total liability limits of your existing business insurance policies.

Determining Coverage Needs:

If your business’s net worth exceeds the liability limits of your current business insurance policies, it may be necessary to increase your coverage.  However, if your business’s net worth still exceeds the maximum liability coverage provided by your existing business insurance policies, obtaining Business Excess Liability Insurance becomes essential to fully protect all your business assets.

Potential Savings to Explore:

Insurance discounts can differ depending on the insurance provider you select.  It is important to note that not all carriers offer the same discounts.

Flexi-Bundle™ & Save:

Flexi-Bundle™ Discount:  Combine up to four insurance products and select from up to four insurance carriers.

Frequently Asked Questions

Yes.  It is the same thing.

Business Excess Liability Insurance extends coverage beyond the limits of general liability, commercial auto, and certain parts of workers’ compensation policies. However, it does not cover claims related to other types of insurance like commercial property insurance or errors and omissions insurance. 

No. While Business Excess Liability insurance can provide helpful coverage, it’s not required by law.

Yes.  Business Excess Liability Insurance typically excludes coverage for:

  • Criminal activities or intentionally harmful acts
  • Injuries to you or damage to your property
  • Business Excess Liability Insurance doesn’t serve as Excess Liability Insurance for your personal needs.  You would need to purchase a separate Excess Liability policy for personal coverage.

When shopping for Business Excess Liability Insurance, it’s essential to consider the maximum limit offered by each company. Typically, most Business Excess Liability policies provide coverage up to $15 million.

Excess Liability Insurance extends the limits on one specific liability policy (e.g., Auto or Home), while Business Excess Liability Insurance extends the limits of different policies, providing the customer with broader protection (e.g., Commercial General Liability and Commercial Auto).

You have two payment options:

Option 1:  Click the Carrier tab, scroll to locate your carrier. Most carriers accept online payments via check, credit card, or ACH.  Click on your carrier’s name and proceed to make your payment.

Option 2:  Click the Customer Center tab. Scroll down to find the Input1 icon. Input1 offers digital payment options, including ApplePay and eWallet.  Click on the Input1 icon, log in, and make your payment. 

Report The Claim by Phone:

  • Click on the Carrier tab.
  • Locate your insurance carrier.
  • Use the carrier’s claims phone number to report the claim.

Report The Claim Online:

  • Click on the Carrier tab.
  • Use the carrier’s claims website link to report the claim online.

Absolutely. We use secure encryption technology to keep your personal information safe. When it comes to your application, we never pull your data without your approval first. We will also never sell your data to any third party…ever.

If you have questions, you can call, text, email, or live chat with a real expert at Insurish who is standing by to help. No matter how you contact us, we will get back to you immediately. For help, click the Contact Us tab.

We offer insurance solutions for all your personal needs like auto, home, life, health & more. We also offer products for all your business needs, like liability, property, trucks & more. We don’t stop there! We also offer a wide array of car care and safety & security products.

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Please Note:

At Insurish, we provide general information on insurance products to help you grasp their different aspects. It’s important to note that this information isn’t an insurance policy and doesn’t pertain to any specific carrier’s policy. It doesn’t alter any provisions, limitations, or exclusions expressly stated in an insurance policy. Descriptions of coverages, discounts, and features are concise. For a comprehensive understanding of specific policy details, we recommend reading the applicable policy and consulting an Insurish agent. Coverages and features vary by insurer and state and may not be available in all states. Coverage for accidents or losses depends on the terms and conditions of the actual insurance policy. References to premiums, losses, deductibles, and costs are illustrative and may not apply to your circumstances. Insurish is not liable for the content of third-party sites linked from this page.