Umbrella liability insurance
Unfortunately, no tech business is immune to unexpected catastrophes and high-priced lawsuits. Commercial umbrella insurance protects you from expensive claims that exceed the limits of your liability insurance policies.
If any incident covered by your general liability, employer's liability (part of workers’ compensation), or hired and non-owned auto insurance exceeds your policy limit, commercial umbrella insurance covers the extra costs.
Commercial umbrella insurance raises your policy limit in $1 million increments, providing your business with more compensation per claim. The limits you choose and your level of risk both affect the cost of this policy.