• Pays amounts which exceed the "per occurrence" or "aggregate limit" provided by your Tennessee general liability or business auto insurance policies.

• Pays liability losses which may not even be covered under your base policy in Tennessee.

How a Tennessee Business Umbrella Liability Policy Works:

Let's assume that your Tennessee business has been found at fault in a liability claim which required $2 Million to settle and the aggregate limit of your general liability policy is $1 Million.  Here's what would happen:

• Insurance company would pay the $1 Million
• Your Tennessee business would be responsible for the other $1 Million
• A $5 Million Business Umbrella Liability Policy would have picked up the slack and would have paid the remaining $1 Million and left your Tennessee business with $4 Million in extra liability protection.

The Right Limit on Your Tennessee Umbrella Liability Policy:

You want to have enough extra liability protection, but you really don't want to go overboard either.  Umbrella Liability is usually sold in increments of $1 Million.

You and your Tennessee business insurance agent need to decide on the right amount for your Tennessee business.

Business Umbrella Liability and Your Home Business in Tennessee

An Umbrella Liability Policy supplements what the original base policy covers.  If your home business is not covered in the general liability or homeowner's policy, the umbrella won't cover it either.  If you have designed your business insurance program to protect your home business, then an umbrella liability policy will offer the added protection you just might need.