protects business for payments in excess of existing coverage or for liabilities not covered in other policies
Additional coverages that can be purchased which stack onto base coverages and are used once the base coverages are exhausted if a loss does occur.
Umbrella coverage is a separate policy that extends liability coverage from the homeowner's, condominium or renter's policies and the auto policy. (There are minimum liability limits required on both the auto and home policies to qualify for an umbrella policy.) Umbrella policies are inexpensive and are highly recommended for insured people with a high net worth.