Umbrella and Excess
When It Rains, It Pours – and OneGroup’s Got You Covered
Excess liability insurance, often referred to as umbrella insurance, is an insurance policy that covers you above and beyond the amount of general liability insurance you carry to protect your business assets. Commercial excess liability insurance policies have two primary functions: Extend your total insurance protection past that of your basic general liability insurance policy, and expand the type of insurance coverage past your basic coverage to protect you against risks that are unique to your business and industry.
There are many types of excess insurance policies. Excess insurance needs to be very specific and choosing the right coverage to fully protect you is important. Smart business managers work with an independent insurance agency like OneGroup that is capable of identifying a wide range of risks—sometimes hidden risks—and one that can design a comprehensive excess liability insurance policy to fully protect their personal and business assets.
Excess liability insurance is very affordable
You might think that excess liability insurance is expensive but it is not. It is actually quite inexpensive given the amount of protection you receive. Most excess insurance policies are sold in million dollar increments up to about $20 million. A $1 million excess liability insurance policy will cost you as little as $150-$300 per year and each $1 million additional coverage is typically less.
Excess liability insurance quote
Consider purchasing an excess liability insurance policy with $2 million to $5 million in coverage. The cost is minimal when you have your personal and business auto and homeowners insurance with OneGroup and it could quite literally save your business and nest-egg from ruin.
Excess liability coverage can be involved so be sure you have the right insurance for your needs. OneGroup’s business risk specialists can help.
We make it easy for you. That’s why so many people turn to OneGroup for their umbrella and excess insurance. Save time. Save money.
Self-Funding Health Benefits: What Employers Need to Know
As healthcare costs continue to rise, more employers are exploring self-funding as a strategic alternative to traditional fully insured health plans. In our recent Self-Funding Health Benefits 101 Webinar, team members from BPAS Health Benefits Consulting and OneGroup’s SVP of Employee Benefits discussed the risks and benefits of Self-Funding Health Benefits. They offered valuable insights from their organizations considering the self-funding approach.
Your Nonprofit might have hidden gaps in protection
Use this checklist to uncover the hidden risks in your nonprofit operations.
Legal Alert: IRS Releases 2026 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits
With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements.