Bailey Special Risks, Inc. offers a robust Commercial Umbrella insurance program designed to provide agents and brokers with excess liability solutions for over 200 classes of business. Backed by an A++ A.M. Best rated carrier—United States Liability Insurance Group—this non-admitted program delivers broad protection and fast turnaround for qualified risks.
Overview of the Program From Bailey Special Risks
This Commercial Umbrella product offers excess liability coverage over General Liability, Auto Liability, Liquor Liability, Professional Liability, and Employers Liability. It’s structured to help your clients safeguard their businesses against catastrophic losses that exceed the limits of their primary policies.
Quotes are typically turned around within one business day for most acceptable risks, allowing you to respond quickly to client needs. The program is available in most states and is supported by expert underwriting from Bailey Special Risks, a trusted wholesale broker with decades of experience in placing specialty liability coverage.
Ideal Accounts and Appetite
This program is a strong fit for a wide range of commercial operations. Ideal accounts include but are not limited to:
- Contractors and construction-related businesses
- Retail stores and shopping centers
- Hospitality businesses such as restaurants and hotels
- Light manufacturing and wholesale distributors
- Professional offices and healthcare providers
As an example, you might have a client who owns a regional restaurant chain with an existing Liquor Liability policy. This umbrella program can help extend their protection in the event of a major claim.
Coverage Highlights and Advantages
Key minimum underlying limits required for this umbrella program include:
- General Liability (CGL): $500,000 Combined Single Limit
- Auto Liability (AL): $500,000 per accident or occurrence
- Liquor Liability: $500,000 per common cause
- Professional Liability: $500,000 per claim or medical incident
- Employers Liability (EL): $500,000 per accident / $500,000 per employee for disease
This umbrella coverage is designed to provide seamless excess protection over these underlying policies, reducing exposure gaps and enhancing peace of mind for your insureds.
Underwriting Notes
Bailey Special Risks works closely with agents to ensure a smooth underwriting process. While most acceptable risks receive quotes within one business day, submissions with complete applications and underlying policy details will experience faster turnaround times. Accounts must meet the minimum underlying coverage limits, and certain high-hazard industries may fall outside the program’s appetite.
Territories and Availability
This Commercial Umbrella program is available in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WV, WI, and WY.
As a non-admitted product, this program offers more flexibility in underwriting and coverage structure, making it an excellent solution for harder-to-place risks.
Why Work With Bailey Special Risks
Bailey Special Risks brings deep expertise in specialty liability placement and offers responsive service to help you secure the right umbrella coverage for your clients. With access to top-rated carriers and a streamlined quote process, Bailey makes it easy for agents and brokers to expand their offerings and meet insureds' evolving needs.