How does umbrella insurance differ from standard commercial property insurance?

Umbrella insurance is designed to provide an additional layer of liability protection beyond what standard commercial property insurance offers. While standard commercial property insurance typically covers specific risks such as property damage and loss due to various perils, umbrella insurance extends coverage limits and addresses a broader range of liabilities. This can include personal injury, personal liability, and certain situations that may not be fully covered by other policies, such as certain legal defenses or damages.

Additionally, umbrella insurance functions to bridge gaps that might exist between multiple policies, ensuring that businesses have a more comprehensive level of protection against potential financial losses. This characteristic of offering broader coverage and higher limits is what differentiates umbrella insurance significantly from standard commercial property insurance.