What does umbrella mean in insurance?

What does umbrella mean in insurance?

Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations.

What insurance has an umbrella logo?

Travelers Insurance
The Travelers logo is iconic. The red umbrella dates back to 1870, in the newspaper ad at the start of the insurance company. It was later seen in the infamous Traveler’s Insurance commercials where a man with a red umbrella shelters those from a rainstorm.

What is the deductible of a personal umbrella policy called?

The Personal Umbrella policy contains a deductible for claims that are not covered by the underlying coverage but are covered under the Umbrella policy. The deductible will range from $500 to $10,000. This deductible is referred to as a self-insured retention or SIR.

What insurance company uses a red umbrella?

Does this red umbrella look familiar? That’s the Travelers Insurance red umbrella — the cornerstone of the company’s branding.

Is Umbrella a general liability?

Umbrella liability insurance provides an extra layer of protection against bodily injury and/or property damage. Essentially, it picks up where your business auto liability, general liability or other liability coverage stops.

What are the benefits of a travelers commercial umbrella policy?

The benefits of a Travelers commercial umbrella policy are increased limits in excess of standard primary policies, replacement of primary policies if limits are used up by covered losses and broader coverage than primary policies for certain losses. Our commercial umbrella and excess liability solutions include:

What kind of insurance does Travelers Insurance offer?

Travelers offers commercial umbrella and excess insurance coverage across all industries. Find a policy type that’s right for you.

Where can I buy an umbrella insurance policy?

You can usually purchase an umbrella policy from the same insurance company that your other business policies were purchased through. Insurance companies often require you to hold your primary insurance coverage with them in order to add an umbrella insurance policy.

Who are the largest umbrella insurance companies in the world?

Travelers has been in the insurance industry for more than 165 years and employs 13,500 independent agents and brokers throughout the United States, Canada, and the United Kingdom. The company offers both personal and commercial umbrella insurance for all types of businesses.