What is Umbrella Liability Insurance?
Umbrella liability insurance is a layer of coverage above the primary layer, but below the excess layer. It provides additional limits above primary coverages and may include coverages not included in the primary. It takes effect once primary policies have exhausted their limits, with the umbrella policy then providing coverage up to its limit.
Why does your business need Umbrella Liability Insurance?
For more than a half-century, we have been customizing commercial umbrella solutions for clients in a world where high exposure liability claims are common and can be crippling. We attempt to design a lead commercial umbrella insurance solution that is right for each business, choosing from a variety of flexible coverage features.
- When it becomes difficult to estimate the probable maximum loss potential for your liability exposures, umbrella insurance helps provide added protection
- Umbrella insurance can close coverage gaps and offer added layers of protection if the underlying placements exhaust all resources
- A smartly crafted lead umbrella insurance policy is one of the main lines of defence in today’s increasingly litigious society
What does Umbrella Liability Insurance cover?
Coverages available include:
- Excess General Liability
- Excess Commercial Auto Liability
- Excess Employers' Liability
- Excess Product Liability
- Excess Marine Liability
- Excess Energy Liability
- Excess Premises Liability
- Excess Contractors Liability
- Limited Excess Professional Liability
- Up to $15M limits in the first $100M of a “tower”
- Available capacity of up to $25 million
- Admitted and non-admitted forms available upon request
- CrisisResponse® and Excess Casualty Crisis Fund Insurance:
- First dollar drop-down coverage subject to terms and conditions of endorsement language
- Up to $250,000 outside of the umbrella policy limits to pay for certain expenses associated with managing a crisis event
- An additional $50,000 for the fees of an approved public relations or crisis management firm
- Multiple policy forms: occurrence, claims-made, and integrated occurrence (claims made with occurrence reporting capabilities)