Excess / Umbrella Liability Insurance

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What is commercial excess insurance?

Commercial Umbrella and Excess Liability Insurance offers additional coverage beyond the limits of your client's primary liability insurance and is designed to protect your clients from sizable judgments and costs incurred while defending lawsuits.  An excess liability policy is no broader than the underlying liability policy; its sole purpose is to provide additional limits of insurance.

What is umbrella coverage for commercial insurance?

Commercial umbrella insurance provides an extra layer of liability protection by covering costs that go beyond your other liability coverage limits. In other words, commercial umbrella insurance complements your other liability coverages by taking over when your other liability coverage limits have been reached.

The umbrella policy serves three purposes:

  • It provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims
  • It drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims
  • It provides protection against some claims not covered by the underlying policies, subject to the assumption by the named insured of a self-insured retention (SIR).