Umbrella insurance is extra liability coverage that generally sits above your primary policies. For individuals, that usually means auto and homeowners. For businesses, it may sit above general liability, commercial auto, or employers liability.
An umbrella policy is not a substitute for those underlying policies. Carriers typically require minimum primary limits before an umbrella can be issued.
People consider umbrella coverage when they have assets to protect, teenage drivers, rental properties, or higher lawsuit exposure. Businesses often consider it because contracts require higher limits.
Coverivo AI can help you think through the question. Binding umbrella coverage always requires a licensed professional and carrier approval.