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Umbrellas

Commercial Umbrella Liability provides coverage to supplement the limits of an insured’s General, Automobile and Employers Liability policies and to protect insureds from exclusions and gaps in their primary liability insurance.  Excess liability provides coverage that supplements the limits of an insured's General Liability, Automobile Liability, and Employers Liability policies. An excess policy's coverage is triggered when the limits of the underlying insurance have been exhausted, or when a claim develops that is not covered by an underlying policy and exceeds the self- insured retention.


Excess Liability Coverage: Excess Liability Policy
This covers only excess liability over scheduled policies. This policy is very similar to an umbrella but all terms and conditions are defined in the underlying coverages. This policy merely extends the limits. Coverage is provided by many carriers using their own forms. Key areas of comparisons are exclusions and following form terms.


Excess Liability Coverage: Umbrella Policy
An umbrella serves two purposes. First, it provides excess liability limit over the scheduled underlying policies. Second, it fills some gaps in the underlying coverage. There is no standard umbrella policy. Therefore, coverage comparison is a must.