|
Excess Umbrella Liability Insurance |
|
Commercial Umbrella or Excess Liability insurance supplements the limits of an insured's underlying policies such as general liability, automobile liability, and employers liability. Umbrellas also protect insureds from exclusions and gaps that exist in their primary liability insurance. Covered causes of loss that are not normally included in primary policies are subject to a self-insured retention (SIR), which is the responsibility of the insured to pay. An umbrella policy's coverage is triggered when the limits of the underlying insurance have been exhausted.
|
