Umbrella/Excess Liability

Umbrellas or Excess Liability coverage provides protection from catastrophic claims where injuries/damages exceed the limits provided by your basic liability policies – General Liability, Commercial Automobile and the Employer’s Liability portion of Workers’ Compensation.

1. There is one primary difference between an umbrella policy and an excess liability policy.  The umbrella policy provides a stated limit of added protection and follows the forms and conditions of the underlying policies.  The excess liability policy provides a stated limit of added protection but may have significantly different coverage terms that the underlying policies. 

2. The Umbrella/Excess Liability policy requires that underlying policies have minimum limits (customarily $500,000 or $1,000,000) before this added coverage will respond in the event of a claim

3. All underlying policies and coverage limits must be shown on declarations page

4. SIR?