Commercial Umbrella for Elevator & Escalator Contractors
Elevator accidents in public spaces can generate catastrophic claims. A passenger fall in a hospital, a shopping mall escalator malfunction, an elevator drop in a high-rise — these are multi-million-dollar exposure events. Commercial umbrella adds a buffer of $1M to $5M above your primary limits.
How Umbrella Works
- Your GL policy has a $1M/$2M limit
- A serious escalator accident generates a $3M claim
- Your GL pays $1M; your umbrella policy pays the remaining $2M
When You Need Umbrella
- Client contracts require $2M, $3M, or $5M per-occurrence limits
- You work in hospitals, airports, or government buildings
- Your business generates more than $500K in annual revenue
- You have multiple crews on multiple sites simultaneously
What Umbrella Covers
Umbrella policies "follow form" — they pick up where GL, auto, and employer liability leave off. They don't create new coverage categories; they extend existing limits.
Common Questions
How much umbrella do I need?
Match your umbrella limit to your largest possible contract requirement. If you work with Class A office buildings or healthcare systems that require $5M coverage, carry a $5M umbrella.
Is umbrella expensive?
Umbrella is one of the most cost-effective coverages available. A $1M umbrella for an elevator contractor typically costs $300–$700 per year — much less than increasing your GL limit directly.