Commercial Umbrella | Smart, Fast, Friendly Digital Insurance Expert

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Give your valuable business assets an extra level of protection.

Umbrella coverage is a surprisingly affordable add-on to your business insurance that helps you safeguard the financial health of your company if you're hit with a serious lawsuit and reach the limits of these policies:

General liability
Commercial auto
Workers’ comp

Does an umbrella make sense for your company? Let Mylo give you a personalized recommendation.

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Don't put a limit on your success.

An umbrella is insurance for your insurance. If your company is hit with a big enough legal bill, you could reach the limits of your other coverage – but an umbrella will take over from there.

General liability: A customer sues you after slipping on the icy steps of your store and suffers a concussion and other injuries that run up enormous medical bills.
Commercial auto: An employee is driving his own car to make a deposit for you at the bank and gets into an accident. Several passengers in another car are injured and sue your company.
Workers’ comp: An employee is struck by heavy construction equipment and ends up needing long-term medical care.

Without an umbrella, your company’s financial assets could be at risk when you hit the limits of your other policies. Mylo compares quotes from top-rated business insurance companies to find you the right umbrella coverage at the best value.

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Umbrella coverage FAQs

Should every business carry commercial umbrella coverage?

Some types of businesses are more likely than others to reach the limits of their existing coverage and likely to need an umbrella. Your needs may also vary based on how much your company is comfortable paying when you exceed those limits. A licensed Mylo agent can review your specific business and let you know if an umbrella makes sense.

Do I only need an umbrella because I might be sued?

There are some additional situations where you may be advised to carry umbrella coverage. These include: 1) You're doing business internationally, and your existing policy limits your overseas protection 2) You enter into a contract with a customer, partner or vendor that requires umbrella coverage.

How much will commercial umbrella coverage pay out?

Most policies typically pay out between $1 million to $15 million in additional coverage, which can make all the difference in keeping a company in business.

Can I just use commercial umbrella coverage by itself?

No, it always covers another policy. For instance, if you don't carry commercial auto insurance, umbrella coverage cannot take its place if your business vehicle causes an accident.

How will Mylo find me the right policy?

Mylo is a small business insurance expert who has been innovating insurance since 2015. We can quickly:

Recommend coverage customized to your business
Compare best quotes for umbrella insurance from top-rated business insurance companies
Find you the best combination of coverage and price.