Commercial Umbrella Insurance
A commercial umbrella extends your liability limits beyond what your underlying general liability and workers comp provide. For jewelers facing serious injury or lawsuit exposure, it's affordable peace of mind.
Commercial Umbrella for Jewelry Businesses
A commercial umbrella sits on top of your primary liability policies and provides additional limits when a claim exceeds them. For a relatively small premium, it can add $1M to $5M of protection above your general liability and employer's liability coverage.
How It Works
1. Your general liability: $1M per occurrence / $2M aggregate 2. A serious customer injury results in a $2.5M judgment 3. GL pays its $1M limit; the umbrella covers the remaining $1.5M
Without the umbrella, that $1.5M comes out of your business assets.
When Jewelers Need It
- High-traffic showrooms where slip-and-fall and injury exposure is greater
- Mall and lease requirements that mandate higher combined limits
- Stores with employees stacking employer's liability exposure
- Events and shows where you interact with large numbers of the public
Cost vs. Protection
An umbrella is one of the most cost-effective coverages available — typically a few hundred to around a thousand dollars per year for $1M in additional limits — because it only pays after your underlying policies are exhausted. For the protection it provides, it's almost always worth carrying.
What's Covered
Frequently Asked Questions
If your lease requires combined limits above $1M, you have employees, or you operate a high-traffic showroom, an umbrella is usually worth it. It adds $1M–$5M of liability protection for a fraction of the cost of raising your primary limits.
An umbrella extends liability coverage — it does not cover your inventory, building, or customer goods. Those are handled by jewelers block, business property, and care, custody & control. The umbrella sits over your liability policies only.