A general contractor recently agreed to pay a settlement of $10.3 million to resolve allegations of wrongfully severing the power to two islands for eight days, causing individuals and businesses to lose income during peak tourist season. In another case, a restaurant chain agreed to pay $21 million to settle a lawsuit after one of its locations overserved alcohol to a man who later was involved in a fatal car crash.
Primary coverage can often be exhausted in catastrophic losses. It is imperative that your clients have additional protection to ensure that a single unusual circumstance does not lead to bankruptcy for their businesses.
Excess/Umbrella Coverage keeps your clients financially stable should a disastrous loss occur. Contact Burns & Wilcox for flexibility and competitive packages for more than 600 business classes.
Coverage Details and Features
- Limits up to $50M available
- Underlying policies require limits of $1M occurrence
- Premiums as low as $1,000
- Coverage offered for supported and unsupported businesses
Ask an Expert
At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.
Adhesives manufacturer. Excess with $2M limits
Tradeshow general contractor. Excess with $5M limits
Excavation contractor. Excess with $10M limits
Restaurant. Excess with $4M limits
Electrical contractor. Excess with $5M limits
Steel fabrication company. Umbrella with $10M limits
Machine shop. Umbrella with $10M limits
Machinery and equipment analysis contractor. Umbrella with $5M limits
Trucker. Excess with $2M limits
Cattle ranch. Excess with $10M limits
Gas station/convenience store. Excess with $10M limits
Apartment building. Excess with $5M limits
Service station maintenance and repair contractor. Excess with $4M limits
Commercial electrical contractor. Excess with $4M limits
Event contractor. Umbrella with $10M limits
Garbage hauler. Excess with $3M limits
Landscape contractor. Umbrella with $4M limits
Commercial roofer and installation contractor. Excess with $5M limits