https://completemarkets.com/company/firstchoiceii/Commercial-Umbrella-Liability-Insurance/
Commercial Umbrella Liability Insurance Program from First Choice Insurance Intermediaries, Inc.
First Choice Insurance Intermediaries, Inc. offers a robust Commercial Umbrella Liability Insurance program designed to help agents and brokers protect their commercial clients against catastrophic liability losses. This program provides excess limits over the insured’s primary liability policies, including general liability, auto liability, and employer’s liability. It also helps close gaps and exclusions that may exist in the underlying coverage.
Ideal Accounts and Appetite
This program is well-suited for a wide range of commercial clients who require higher liability limits or who operate with elevated risk exposures. Ideal accounts include, but are not limited to:
Contractors and construction firms with multiple job sites
Retail businesses with significant foot traffic
Distributors and manufacturers with product liability concerns
Transportation and logistics companies needing excess auto liability
Hospitality businesses such as restaurants or event venues with liquor liability exposures
If you have a client with a growing operation or a high public exposure, this umbrella product can provide the additional peace of mind they need to operate confidently.
Coverage Highlights and Advantages
The commercial umbrella policy from First Choice can provide:
Worldwide coverage
Personal injury protection
Blanket contractual liability for both written and oral contracts
Care, custody, and control coverage
Non-owned aircraft and watercraft liability
Advertisers and liquor liability
XCU (explosion, collapse, underground) liability
Extensions of coverage to additional insureds
This policy is designed to pick up where primary policies leave off, offering critical protection in high-severity loss scenarios. The umbrella can also respond when certain exclusions in primary policies might otherwise leave the insured exposed.
Underwriting Notes and Deductibles
The program requires underlying primary third-party liability coverage to be in place. Deductibles apply based on the underlying policy terms and limits. Premium financing is available, making this program an accessible option for a wide range of clients.
While there is no fixed minimum premium listed, the program is structured to be competitive and flexible depending on the risk profile. Contact First Choice for underwriting requirements on specific accounts.
Territories and Market Access
First Choice Insurance Intermediaries, Inc. offers access to this program in the following states: AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, MI, MO, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TN, TX, VA, WA, and WI.
Coverage is available in both admitted and non-admitted markets depending on the risk and jurisdiction, allowing flexibility to meet diverse client needs.
Why Work With First Choice Insurance Intermediaries, Inc.?
As a wholesale broker, First Choice brings deep market access and underwriting expertise to help you place challenging or high-limit liability accounts. Their umbrella liability product is designed for flexibility, with broad coverage and support for a wide range of industries. Whether your client operates nationally or regionally, First Choice can help you secure the protection they need to safeguard their business against large-scale liability exposures.
Frequently Asked Questions
What types of accounts are a good fit for this Commercial Umbrella program?This program is ideal for contractors, manufacturers, distributors, transportation firms, retailers, and hospitality businesses with significant liability exposures or the need for higher coverage limits.
What underlying coverages are required?Insureds must carry primary liability policies such as general liability, auto liability, and employer’s liability. These serve as the foundation for the umbrella policy to provide excess coverage.
Is premium financing available?Yes, premium financing is available to help make coverage more accessible for your clients.
Is this coverage available in admitted markets?Some markets within this program are admitted, while others are non-admitted. Availability depends on the state and the nature of the risk.
In which states is this program available?This Commercial Umbrella program is offered in AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, MI, MO, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TN, TX, VA, WA, and WI.
Need help placing an account? Connect with a market specialist.