Is an Umbrella Policy a Waste of Money? Here’s What $1M in Coverage Actually Costs
Reading Time: 11 minutesKey Takeaways on Umbrella Insurance What it does: Provides additional liability limits above your existing GL, auto, and employer’s liability policies — kicks in when underlying limits are exhausted What $1M in coverage costs: $300–$600/year for personal umbrella; $1,000–$5,000/year for commercial umbrella, depending on industry and revenue Is it a waste of money? Not if […]