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.
Umbrella insurance raises your policy limit in $1 million increments, providing your business with more potential compensation per claim. The limits you choose and your level of risk both affect the cost of this policy.
If any incident covered by your general liability, employer's liability (part of workers’ compensation), or commercial auto insurance exceeds your policy limit, commercial umbrella insurance covers the extra costs.