Commercial Umbrella Insurance

commercial umbrella insurance in NJ

If umbrella policies are good for individuals, then they are imperative for business.

When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Call Pavese-McCormick Agency, Inc. at 732-247-9800 or email us today about a commercial umbrella insurance policy.

What you need to know about commercial umbrella insurance

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards, Pavese-McCormick strongly recommends that your business insurance program include this coverage.

What is Excess Liability Coverage?

This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Who needs Excess Liability Coverage?

Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

Commercial & Business Insurance

– Insurance coverage that helps protect your business

General
Liability Insurance
Broad insurance coverage for your business and activities.
Commercial
Property Insurance
Serving the unique needs of businesses in all of New Jersey and the Tri-State area.
Business
Auto Insurance
Cover your business with insurance for commercial vehicles.
Commercial
Umbrella Insurance
Insurance coverage that helps protect your business from the rising costs of high value lawsuits.
Workers’
Compensation Insurance
Insurance coverage that helps you take care of your employees.
Bonds – Commercial & Contract Surety
Protect your assets with financial backups for promises made by others.
Management
Liability
Including Professional (Errors & Omissions), Cyber Security, Employment Practices Liability (EPLI), and Directors & Officers (D&O)
Cannabis Business
Insurance
Cannabis insurance coverage that protects your medical/medicinal cannabis and recreational cannabis business from risk and loss.

In addition to advising you on the right coverage, we provide additional services, such as:

Loss Prevention Programs
With our insurance company partners, we can evaluate your business’s current conditions and recommend ways to lower property, auto, workers compensation or liability losses. Lower losses will not only lower your insurance costs, but also increase your productivity by avoiding downtime.

Competitive Rates
Many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing.
Quick Claim Response
When you do have a claim and need fast and fair service, we work with you to make that happen. That’s why we only represent companies with excellent records for settling claims fairly and promptly.
Christine-Longi-Drake
Christine

Our Version of ‘Flow’ is Christine.

Serving unique needs of businesses in NJ and the tri-state area

  • Food Distributors
  • Hospitality/Hotel
  • Manufacturing
  • Food Distributors
  • Social Services/Non-Profit to both as well
  • Medical Device Manufacturing
  • Life Science Insurance
  • Technology
  • Plastic Manufacturing
  • Cannabis Business
  • Restaurant
  • Real Estate/Commercial Property
  • Wholesalers/Distributors
  • Education

To see if your business qualifies for one of these special programs, call or email Pavese-McCormick at 732-247-9800 or info@pavesemccormick.com and talk with one of our agents today.