Claims and lawsuits unfortunately are a fact of doing business, and our goal at the Barreto Agency is to help New York companies prevent them from occurring in the first place, and to provide the right coverage should a loss occur.
Part of this involves looking at your company’s existing Liability policies to determine if you have enough coverage. But it also involves augmenting your coverage with Excess Liability insurance or a Commercial Umbrella policy. This coverage is designed to kick in the event your company’s underlying Liability policy cannot fully cover the costs of the judgment, which is not all that uncommon today considering the size of lawsuits.
An Excess Liability policy provides coverage if you have a liability claim that is large enough to exhaust the limits of your General Liability, Product Liability, or Commercial Auto policy. It serves as protection against financial disaster. Coverage is available for:
- Personal Injury Liability
- Contractual Liability
- Vehicle Liability, including aircraft & watercraft
- Liquor Law Liability
- And More
Our specialists will review with you how much Umbrella coverage you need based on your exposures, risk tolerance, and assets. We will then prepare a policy that is competitively priced for you to evaluate.