An extra layer of liability limits that sits on top of your General Liability policy limits. It’s designed to provide protection against catastrophic losses.
For example you have a General Liability policy with a limit of $1,000,000 and purchase an Umbrella Liability policy for $4,000,000. Your combined liability limit is now $5,000,000.
Why the need for an umbrella policy?
1. It may be required by the venue or location where you are holding your event.
2. You desire higher limits for peace of mind and your General Liability insurance company only provides a $1,000,000 limit, which is common.
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