Umbrella Insurance
Umbrella insurance provides an additional layer of liability protection designed to help safeguard your personal or business assets against catastrophic losses. This coverage is written over your underlying liability policies—such as business auto, commercial general liability, employers liability, and, in some cases, watercraft or aircraft liability—to provide higher limits of protection when you need it most.
An umbrella policy serves several important purposes. First, it provides excess liability limits once the limits of your underlying policies have been exhausted due to a covered claim. Second, in certain situations, umbrella coverage may “drop down” to provide coverage for claims that may not be covered by an underlying policy, subject to a self-insured retention. This added flexibility can be critical when facing unexpected or high-severity claims.
Umbrella insurance is often an affordable way to significantly increase your overall liability protection and help protect your business, personal assets, and future earnings from large judgments or settlements. At ISU Elite Insurance, we work with Connecticut individuals and business owners to evaluate existing coverage and determine the appropriate umbrella limits based on their risk exposure.